Question 2 of 2 > - 76 E View Policies Current Attempt in Progress On January 1, 2017, Ayayai Corporation issued $1,820,000 face value, 6%, 10-year bonds at $1,575,753. This price resulted in an effective interest rate of 8% on the bonds. Ayayai uses the effective-interest method to amortize bond premium or discount. The bonds pay annual interest January 1. Prepare the journal entry to record the issuance of the bonds on January 1, 2017. (Round answers to 0 decimal places, e.g. 125. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 1 e Textbook and Media List of Accounts Prepare an amortization table through December 31, 2019 (three interest periods) for this bond issue. (Round answers to O decimal places, e.g. 125.) AYAYAI CORP. Bond Discount Amortization Effective-Interest Method-Annual Interest Payments Interest Expense to Be Discount Recorded Amortization Annual Interest Periods Interest to Be Paid Unam Disc Issue date $ $ $ 1 2 3 e Textbook and Media List of Accounts Prepare an amortization table through December 31, 2019 (three interest periods) for this bond issue. (Round answers to O decimal places, e.g. 125.) AYAYAI CORP. Bond Discount Amortization Effective-Interest Method-Annual Interest Payments Interest Expense to Be Discount Recorded Amortization Unamortized Discount Bond Carrying Value $ $ $ e Textbook and Media List of Accounts Prepare the journal entry to record the accrual of interest and the amortization of the discount on December 31, 2017. (Round answers to 0 decimal places, e.g. 125. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec. 31 e Textbook and Media List of Accounts Prepare the journal entry to record the payment of interest on January 1, 2018. (Round answers to 0 decimal places, e.g. 125. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 1 e Textbook and Media List of Accounts Prepare the journal entry to record the accrual of interest and the amortization of the discount on December 31, 2018. (Round answers to 0 decimal places, e.g. 125. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec. 31 e Textbook and Media List of Accounts Save for Later Attempts: 0 of 3 used Submit