*Problem 15-6A Paris Electric sold $3,850,000, 10%, 10-year bonds on January 1, 2017. The bonds were dated January 1 and pay interest annually on January 1. Paris Electric uses the straight-line method to amortize bond premium or discount. The bonds were sold at 103 Prepare the journal entry to record the issuance of the bonds on January 1, 2017. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Date Jan. 1, 2017 Prepare a bond premium amortization schedule for the first 4 interest periods Annual Interest Expense to Be nterest Interest to Be Paid Premium Amortization Unamortized Premium Bond Carrying Value Recorded eriods Issue date Prepare the journaTentries for interest and the amortization of the premium in 2017 and 2018. 7Credit account titles are automatically indented when amount is entered. Do not indent manually.) Debit Credit Date Account Titles and Explanation Dec. 31, 2017 Dec. 31, 2018