On January 1, 2018, Tape Enterprises issued 9%, 10-year bonds with a face amount of $700,000 at 96. Interest is payable annually on January 1. The bonds were issued for an effective interest rate of 10% Prepare the entries to record the issuance of the bonds and the first annual interest accrual and amortization assuming that the company uses effective interest amortization. (Credit account titles are automatically indented when the amount is entered. Do not indent manually 2017 Account Titles and Explanation Debit Credit