Prepare the necessary journal entries to record the following transactions relating to the long-term issuance of bonds of Concord Corporation (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) March 1 Issued $3,440,000 face value Concord Corporation second mortgage, 8% bonds for $3,750,288, including accrued interest. Interest is payable semiannually on December 1 and June 1 with the bonds maturing 10 years from this past December 1. The bonds are callable at 102. June 1 Paid semiannual interest on Concord Corporation bonds. (Use straight-line amortization of any premium or discount.) December 1 Paid semiannual interest on Concord Corporation bonds and purchased $ 1,720.000 face value bonds at the call price in accordance with the provisions of the bond indenture. to search Date Account Titles and Explanation Debit Credit March 1 Cash 3,750,288 Premium on Bonds Payable 218554.67 Bonds Payable 3,440,000 Interest Expense 91733.33 June 1 Interest Expense 133831.82 Premium on Bonds Payable 3768.18 Cash 137600 O B a X 500C 7 0.01 III December 1 (To record interest on bonds) (To record purchase of bonds)