On July 1, 2014, Flanagin Corporation issued $1,979,600, 10%, 10-year bonds at $2,248,641. This price resulted in an effective-interest rate of 8% on the bonds. Flanagin uses the effective-interest method to amortize bond premium or discount. The bonds pay semiannual interest July 1 and January 1 Prepare the journal entry to record the issuance of the bonds on July 1, 2014. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) d Explanati Debit July 1, 2014 Prepare an amortization table through December 31, 2015 (3 interest periods), for this bond issue. (Round answers to o decimal places, e.g. 15,250.) FLANAGIN CORPORATION Bond Premium Amortization Effective Interest Method-Semiannual Interest Payments Unamortized Premium Bond Carryin V Prepare the journal entry to record the accrual of interest and the amortization of the premium on December 31, 2014. (Round answers to 0 decimal places, e.g. 15,250. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles d Explanati Debit Dec. 31, 2014 Prepare the journal entry to record the payment of interest and the amortization of the premium on July 1, 2015, assuming no accrual of interest on June 30. (Round answers to 0 decimal places, e.g. 15,250. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titl d Explanati Debit July 1, 2015 Prepare the journal entry to record the accrual of interest and the amortization of the premium on December 31, 2015. (Round answers to 0 decimal places, e.g. 15,250. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles d Explanati Debit Dec. 31, 2015