P15-9A Prepare entries to record issuance of bonds, payment of interest, and amortization of bond premium using effective interest method On July 1, 2017, Flanagin Corporation issued $2,000,000, 10%, 10-year bonds at $2,271,813. 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 bond pays annual interest on January 1. Instructions (Round all computations to the nearest dollar.) (a) Prepare the journal entry to record the issuance of the bonds on July 1, 2017. (b) Prepare an amortization table through December 31, 2020 (4 interest periods), for this bond issue. (c) Prepare the journal entry to record the accrual of interest and the amortization of the premium on December 31 2017. (d) Prepare the journal entry to record the payment of interest and the amortization of the premium on January 1, 2018, (e) Prepare the journal entry to record the accrual of interest and the amortization of the premium on December 31, 2018. NOTE: Enter a number in cells requesting a value; enter either a number or a formula in cells with a "?". 2017 (a) July 1 Account Account Account Value Value Value