Bonds Payable (effective-interest amortization) Square Corp. issued $10,000 maturity value of bonds payable for $10,346 cash on January 1t, 2008. The bonds had a stated rate of 14% but the market rate was 12%. Interest is paid semi-annually and the bonds are due in 2 years. Square Corp. uses the effective-interest method of amortization. Requirements: I) Are these bonds issued at a discount or premium? Journalize Square's issuance of the bonds on January 1", 2008. 2) General Journal DebitCredit Date Accounts Prepare Square's effective interest amortization table for the entire life of the bonds payable. 3) 2008 and December 31 2008 General Journal Date Accounts Debit Credit