On January 1, 2020, Waterway Company purchased 12% bonds having a maturity value of $310,000, for $333,502.59. The bands provide the bondholders with a 10% yield. They are dated January 1, 2020, and mature January 1, 2025, with interest received on January 1 of each year. Waterway Company uses the effective-interest method to allocate unamortized discount or premium. The bonds are classified in the held-to-maturity category. (a) Prepare the journal entry at the date of the bond purchase. (Enter answers to 2 decimal places, e.g. 2,525.25. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Account Titles and Explanation Debit Date Jan. 1 2020 Credit e Textbook and Media Prepare a bond amortization schedule. (Round answers to 2 decimal places, e.g. 2,525.25.) Schedule of Interest Revenue and Bond Premium Amortization Effective-Interest Method Interest Premium Revenue Amortized Cash ?ceived Carrying Amount of Bonds 0 $ i $ $ 333502.59 37200 33350.26 3849.74 37200 37200 37200 37200 e Textbook and Media List of Accounts