Your answer is correct. Prepare the schedule using effective-interest method to amortize bond premium or discount of Pharoah. (Round answers to O decimal places, es, 5,275.) Prepare the journal entry to record the issuance of the bonds. (Credit occount titles are automatically indented when amount is entered. Do not indent manually) Your answer is correct. Prepare the schedule using effective-interest method to amortize bond premium or discount of Pharoah. (Round answers to O decimal places, es, 5,275.) Prepare the journal entry to record the issuance of the bonds. (Credit occount titles are automatically indented when amount is entered. Do not indent manually)