CALCULATOR FULL SCREEN PRINTER VERSION NEXT Problem 10-10A (Part Level Submission) On January 1, 2017, Bridgeport Corporation issued $1,630,000 face value, 64, 10-year bonds at 51,515,515. This price resulted in an effective interest rate of 7% on the bonds. Bridgeport uses the effective interest method to amortize bond premium or discount. The bonds pay annual interest January 1. Your answer is correct Prepare the journal entry to record the issuance of the bonds on January 1, 2017. (Round answers to o decimal places, e.g. 125. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debat Credit Jan. 1 Cash 1515515 Discount on Bonds Payable 114485 Bonds Payable 1630000 Click if you would like to show Work for this question: Open Show Work LINK TO TEKI LINK TO HEXT Attempts: 1 of 3 used CALCERATOR FULL SCREEN PRINTER VERSION 4LACK (b) Your answer is partially correct. Try again. Prepare an amortization table through December 31, 2019 (three interest periods) for this bond issu (Round answers to O decimal places, e.g. 125.) BRIDGEPORT CORP. Bond Discount Amortization Effective-Interest MethodAnnual Interest Payments Interest Annual Interest Expense Bond Interest to Be to Be Discount Unamortized Carrying Periods Paid Recorded Amortization Discount Value Issue date 90931 97800 90931 97800 97800 Click if you would like to Show Work for this question: Open Show Work ITVE LINK TO TIXI