i View Policies Current Attempt in Progress Presented below is the partial bond premium amortization schedule for Carla Vista Corp. Carla Vista uses the effective-interest method of amortization. Interest Periods Interest Payment Interest Expense Premium Amortization Bond Amortized Cost Issue date 1 $122,390 $7,980 7,980 $7,343 7,305 2. $637 675 121,753 121,078 Prepare the journal entry to record the payment of interest and the premium amortization at the end of the first two periods. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) No. Account Titles and Explanation Debit Credit 1 search O BH a hp Prepare the journal entry to record the payment of interest and the premium amortization at the end of the first two periods. (Credit account titles are automatically indented when the amount is entered. Do not Indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) No. Account Titles and Explanation Debit Credit 1 (To record interest payment.) 2 (To record interest payment.) List of Accounts earch O a hop