Problem 10-11A (Part Level Submission) CALCULATOR FILL SOWER BACK On January 1, 2017, Monty Company sued $1,000,000 face value, 10-year bonds at 12,022.746. This price resulted in a 7% effective interest rate on the bonds, Monty uses the effective interest method to amortize bond premium or discount. The bonds pay annual interest (a) Prepare the journal entries to record the following transactions (Round answers to 0 decimal place, eg 125. Credit account titles are automatically indented when amount is entered. De not indent manually.) 1 The ssuance of the bonds on January 1, 2017) 2. Accrual of interest and amortization of the premium on December 31, 2017, 3. The payment of interest on January 1, 2018 4. Accrual of interest and amortization of the premam on December 31, 2016. Date Account Titles and Explanation 1 Jan 1, 2017 D Deb Credit 2 Dec. 31, 2017 3 Jan. 1, 2018 macchio | 2000-21.30lex A Sol Rights Reserved. A von of Junter & San