Prepare the journal entry to record the payment of interest on January 1, 2023. (Credit account tities are automatically indented when amount is entered. Do not indent manuolly, Current Attempt in Progress Monty Company issued $350,000,6%,10-year bonds on January 1,2022 , for $377,026. This price resulted in an effective-interest rate of 5% on the bonds. Interest is payable annually on January 1. Monty uses the effective-interest method to amortize bond premium or discount