On January 1, 2017, Lachte Corporation issued $1,800,000 face value, 5%, 10year bonds at $1,667,518. This price resulted in an effectiveinterest rate of 6% on the bonds. Lachte uses the effectiveinterest method to amortize bond premium or discount. The bonds pay annual interest January 1.

(a) Make journal entry to record the issuance of the bonds on January 1, 2017.

(b) Make amortization table through December 31, 2019 (three interest periods) for this bond issue.

(c) Make journal entry to record the accrual of interest and the amortization of the discount on December 31, 2017.

(c) Interest Expense$100,051

(d) Make the journal entry to record the payment of interest on January 1, 2018.

(e) Make the journal entry to record the accrual of interest and the amortization of the discount on December 31, 2018.