Prepare the journal entry to record the issuance of the bonds. (Round answers to O decimal places, e.g. 5,275. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 1, 2017 List of Accounts Prepare the journal entry to record the accrual of interest and the premium amortization on December 31, 2017. (Round answers to 0 decimal places, e.g. 5,275. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec. 31, 2017 List of Accounts Prepare the journal entry to record the payment of interest on January 1, 2018. (Round answers to O decimal places, e.g. 5,275. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 1, 2018 List of Accounts Cullumber Company issued $360,000, 9%, 15-year bonds on January 1, 2017, for $390,814. This price resulted in an effective-interest rate of 8% on the bonds. Interest is payable annually on January 1. Cullumber uses the effective- interest method to amortize bond premium or discount. Prepare the schedule using effective-interest method to amortize bond premium or discount of Cullumber Company. (Round answers to 0 decimal places, e.g. 125.) Interest Periods Interest to Be Paid Interest Expense to Be Recorded Premium Amortization Issue date $ $ $ $ 1 2 List of Accounts Prepare the journal entry to record the issuance of the bonds. (Round answers to O decimal places, e.g. 5,275. Credit