FINANCIAL ACCOUNTING HELP PLEASE! Please answer (D).

Problem 10-10A (Part Level submission) On January 1, 2017, Ayayai Corporation issued $1,600,000 face value, 5%, 10- year bonds at $1,482,239. This price resulted in an effective-interest rate of 6% on the bonds. Ayayai uses the effective interest method to amortize bond premium or discount. The bonds pay annual interest January 1. (a) Z Your answer is partially correct. Try again Prepare the journal entry to record the issuance of the bonds on January 1, 2017. (Round answers to 0 decimal places, e.g. 125. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Credit Jan. 1 Cash T 1,482,239 Premium on Bonds Payable T 117,761 1,600,000 Bonds Payable