On January 1, 2022, Grouper Corporation issued $1,660,000 face value, 5%, 10-year bonds at $1,537,822. This price resulted in an effective-interest rate of 6% on the bonds. Grouper uses the effective-interest method to amortize bond premium or discount. The bonds pay annual interest January 1. (d) Prepare the journal entry to record the payment of interest on January 1, 2023. (Round answers to decimal places, e.g. 125. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Debit Credit Date Account Titles and Explanation Jan. 1 Save for Later Attempts: 0 of 3 used Submit