On January 1, 2018, Irik Corporation issued $1,967,000 face value, 6%, 10-year bonds at $2,286,075. This price resulted in an effective-interest rate of 4% on the bonds. The bonds pay annual interest, each January 1. Prepare the journal entry to record the issue of the bonds on January 1, 2018. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Dates Account Titles and Explanation Debit Credit Jan. 1, 2018 Prepare an amortization table through December 31, 2021 (three interest periods) for this bond issue. December 31 is the company's year-end. IRIK CORPORATION Bond Premium Amortization Effective-Interest Method - Annual Interest Payments 6% Bonds Issued at 4% Annual Interest Periods Interest to Be Paid Interest Expense to Be Recorded Premium Amortization Unamorti Premium Issue date- Jan. 1/18 $ 1 - Jan. 1 - Jan. 1/19 $ 2 - Jan. 1/20 3- Jan. 1/21 Prepare the journal entry to record the accrual of interest and the amortization of the premium on December 31, 2018. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec. 13, 2018 Prepare the journal entry to record the payment of interest on January 1, 2019. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 1, 2019 Prepare the journal entry to record the accrual of interest and the amortization of the premium on December 31, 2018. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec. 13, 2018 Prepare the journal entry to record the payment of interest on January 1, 2019. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 1, 2019