Question 1 2017. The bonds were date anuary 1 017 and pay interest on an an Flint Corporation use s the straight-line Flint Corporation sold $3,130,000 8%, 5-year bonds on January 1 method to amortize bond premium or discount. Prepare all the necessary journal entries to record the issuance of the bonds and bond interest expense for 2017, assuming that the bonds sold at 105. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 1 Dec. 31