On May 1, 2016, Hrd Corporation issued a 6-year bond worth $367,000 with an interest rate of 7% per annum. Interest is to be paid semi-annually on October 31 and April 30. At the time of the issuance, the market interest rate was 8%. Hrd Corporation amortizes any premium or discount using the effective interest method. Calculate the bond issue price and the resulting premium or discount. Do not enter dollar signs or commas in the input boxes. Round your answers to the nearest whole number. For transactions with more than one debit or credit, enter the accounts in alphabetical order For bond calculations, use the PV tables in Appendix I| of the textbook Bond Issue Price: $350046 Premium or Discount: $16955 b) Prepare journal entries to record the following bonds payable transactions. 1) Issuance of bonds on May 1, 2016 Account Title and Explanation Date Debit Credit May 1 To record bond issuance 2) Payment of interest and amortization of premium or discount on October 31, 2016 Account Title and Explanation Date Debit Credit Oct 31 To record first payment of interest and amortization 3) Accrual of interest and amortization of premium or discount on December 31, 2016, which is the company's year-end. Account Title and Explanation Debit Date Credit Dec 31 To record the interest accrued on bonds payable 4) Payment of interest and amortization of premium or discount on April 30, 2017. Date Account Title and Explanation Debit Credit Apr 30 To record payment of interest and amortization 5) Redemption of the bond for its face value one year before maturity on May 1 Account Title and Explanation Date Debit Credit May 1 Redemption of bond