yeark, and pay interest annually evory December at All of the bends were sold on January 1 of this yeor. Uaing a premium account, recoed the saie of the bonds on lanuary 1 inc vie rate of interest of 6 percent. Note: If no entry is required for a transaction/event, select "No journat entry required" in the first nceount field; Round your tirnal answers to nearest whole dollar amounts. Journal entry worksheet Record the sale of the bonds on January 1. Note: Enter debits before credits. Wapato Company soia bonds with a face value of $870,000 for $955,551. The bends thave a coupon rate of 8 percent enatuke in 6 . years, and pay interest annually overy December 31. All of the bonds were sold on danuary 1 of this yoar. Using a premium account, record the salo of the bonds on January 1 and the payment of interest on December 31 of this year. Wapato uses the effective-interest amontization method. Assume an annuat maiket rate of interest of 6 percent. Note: If no entry is required for a transaction/event, seloct "No journal entry required" In the flrst account field. Round your finat answers to nearest whole dollar amounts. Journal entry worksheet Record the payment of interest on December 31 using the effective-interest amortization method. Note: Enter debits befare credits