(TCO D) On January 1, 2010, Solis Co. issued its 10% bonds in the face amount of $3,000,000, which mature on January 1, 2020. The bonds were issued for $3,405,000 to yield 8%.Solis uses the effective-interest method of amortizing bond premium. Interest is payable semi-annually on July 1st andJanuary 1st each year . At December 31, 2010,Please show the Journal entries to record the above:

1.Journal entry to record the Issue of Bonds on January 1, 2010.

2.Journal Entry to record the payment of Interest on July 1st, 2010 and January 1st, 2011.Be sure to record any adjusting entry for December 31st, 2010.

3.What is the Unamortized Discount or Premium Balance on Bonds Payableas of December 31st, 2011jQuery22408350418892222671_1545183067007(Using the Effective Interest Method)

(Hint:Schedule like in the textbook