On January 1, 2025, Culver Company issued $2,900,000 face value, 7%,10-year bonds at $3,113,443. This price resulted in a 6% effective-interest rate on the bonds. Culver uses the effective-interest method to amortize bond premium or discount. The bonds pay annual interest on each January 1. (a) Prepare the journal entries to record the following transactions. (List all debit entries before credit entrics. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the dccount titles and enter O for the amounts. Round answers to O decimal ploces, es. 12.5.) 1. The issuance of the bonds on January 1, 2025. 2. Accrual of interest and amortization of the premium on December 31,2025 . 3. The payment of interest on January 1,2026. 4. Accrual of interest and amortization of the premium ort December 31,2026