Solve the following questions

On January 1, 2018, Irik Corporation issued $2,600,000 face value, 6%, 10-year bonds at $2,417,387. This price resulted in an effective-interest rate of 7% on the bonds. The bonds pay annual interest, each January 1. Prepare the journal entry to record the issue of the bonds on January 1, 2018. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Jan. 1, 2018 e Textbook and Media List of Accounts Prepare an amortization table through December 31, 2021 (three interest periods) for this bond issue. December 31 is the company's year- end. (Round answers to the nearest whole dollar, e.g. 5,275.) IRIK CORPORATION Bond Discount Amortization Effective-Interest Method - Annual Interest Payments Interest to Be Paid Interest Expense to Be Recorded Discount Amor- tization Unamor- tized Discount Bond Carrying Amount $ 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. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Round answers to the nearest whole dollar, e.g. 5,275.) Date Account Titles and Explanation Debit Credit Dec. 31, 2018 eTextbook and Media List of Accounts Prepare the journal entry to record the payment of interest on January 1, 2019. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Round answers to the nearest whole dollar, e.g. 5,275.) Date Account Titles and Explanation Debit Credit Jan. 1, 2019