Please Help Correct the Red Marks

Instructions On January 1, 2016, Knorr Corporation issued $1,000,000 of 9%, 5-year bonds dated January 1, 2016. The bonds pay interest annually on December 31. The bonds were issued to yield 10%. Bond issue costs associated with the bonds totaled $18,000. Required: Prepare the journal entries to record the following: January 1, 2016 Sold the bonds at an effective rate of 10% December 31, 2016 First interest payment using the effective interest method December 31, 2016 Amortization of bond issue costs using the straight-line method Second interest payment using the effective interest method December 31, 2017 December 31, 2017 Amortization of bond issue costs using the straight-line method Chart of Accounts ASSETS REVENUE 111 Cash 411 Sales Revenue 121 Accounts Receivable 141 Inventory 152 Prepaid Insurance EXPENSES 500 Cost of Goods Sold 181 Equipment 195 Deferred Bond Issue Costs 198 Accumulated Depreciation 511 Insurance Expense 512 Utilities Expense 521 Salaries Expense 532 Bad Debt Expense 540 Interest Expense 541 Depreciation Expense 559 Miscellaneous Expenses 910 Income Tax Expense LIABILITIES 211 Accounts Payable 231 Salaries Payable 250 Unearned Revenue EQUITY 255 Bonds Payable 256 Premium on Bonds Payable 257 Discount on Bonds Payable 261 Income Taxes Payable 311 Common Stock 331 Retained Earnings GENERAL JOURNAL Score: 163/193 DATE ACCOUNT TITLE POST. REF. DEBIT CREDIT 1 Jan. 1 Cash 944,091.83 2 Discount on Bonds Payable 37,908.17 3 Deferred Bond Issue Costs 18,000.00 4 Bonds Payable 1,000,000.00 Dec. 31 Interest Expense 96.209.18 6 Discount on Bonds Payable 6,209.18 7 Cash 90,000.00 8 Dec. 31 Interest Expense 3,600.00 9 Deferred Bond Issue Costs 3.600.00 10 GENERAL JOURNAL Score: 163/193 DATE ACCOUNT TITLE POST. REF. DEBIT CREDIT 1 Dec. 31 Interest Expense 96,830.10 Discount on Bonds Payable 6,830.10 3 Cash 90,000.00 4 Dec. 31 Interest Expense 3,600.00 5 Deferred Bond Issue Costs 3,600.00