On January 1, 2017, Martinez Corporation issued $700,000 of 9% bonds, due in 8 years. The bonds were issued for $662,067, and pay interest each July 1 and January 1. Martinez uses the effective-interest method. Prepare the company's ournal entries for a the January 1 issuance b) the uly 1 interest payment, and the December 31 a using entry. Assume an effective nterest rate r 0% (Round intermediate calculations to 6 decimal places, e.g. 1.251247 and final answer to 0 decimal places, e.g. 38,548. If no entry is required, select "No Entry" for the account titles and enter O for eounts. Credit account titles are automatically indented when amount is entered. Do not indent manually Credit Account Titles and Explanation Debit No. Date (a) Jan. 1, 2017Cash Premium on Bonds Payable Bonds Payable Interest Expense Premium on Bonds Payable Cash Interest Expense Premium on Bonds Payable Interest Payable (b July 1, 2017 (c) Dec. 31, 2017