On June 30, 2025, Michael Jones Company issued $3,493,000.00 face value of 14%, 20-year bonds at $4,018,560.00, a yield of 12% Jones uses the effective-interest method to amortize bond premium or discount. The bonds pay semiannual interest on June 30 and- December 31. Click here to view factor tables (a) Your answer is partially correct. Prepare the journal entries to record the following transactions. (Round answer to 2 decimal places, eg. 38.548.25. If no entry is required, select "No Entry for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries) 1 The issuance of the bonds on June 30, 2025 2. 4 The payment of interest and the amortization of the premium on December 31, 2025. The payment of interest and the amortization of the premium on June 30, 2026 The payment of interest and the amortization of the premium on December 31, 2026. Account Titles and Explanation Cash Bands Payable Premium on Bonds Payable 1.2005 V Interest Expense Premam on Bonds Payable Cash Interest Expense Premium on Bonds Payable Cash 1.2026 Interest Expense Premium on Bonds Payable Debit Credit 4018560 2411136 349300 5255