5. On July 1, 2014, Visnak Satellites issued $4,500,000, 7%, 10-year bonds at $4,194,218. This price resulted in an effective-interest rate of 8% on the bonds. Visnak uses the effective-interest method to amortize bond premium or discount. The bonds pay semiannual interest July 1 and January 1. 5-1. (3 points) Prepare the Journal entry to record the issuance of the bonds on July 1, 2014. 5-2. (3 points) Prepare the Journal entry to record the accrual of interest and amortization of the discount on December 31, 2014. 513. (3 points) Prepare the Journal entry to record the payment of interest and the amortization of the discount on July 1, 2015, assuming that interest was not accrued on June