On January $1,2024,$ Shamrock Corporation issued $$1,940,000$ face value, $5\%,10-$year bonds at $$1,797,214.$ This price resulted in an effective$-$interest rate of $6\%$ on the bonds. Shamrock uses the effective$-$interest method to amortize bond premium or discount. The bonds pay annual interest January $1.$

Prepare the journal entry to record the issuance of the bonds on January $1,2024.($List debit entry before credit entry. 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 Yaccount titles and enter $0$ for the amounts. Round answers to $0$ decimal places, e$.$g$.5,276.)$

$\backslash$table$[[$Date Account Titles,Debit$],[$Jan$.1,,],[2024,]]$

Question Part Score

$-\frac{-}{4}$

Prepare the journal entry to record the accrual of interest and the amortization of the discount on December $31,2024.($List all debit entries before credit entries. 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 $0$ for the amounts. Round answers to $0$ decimal places, e$.$g$.5,276.)$

Date

Account Titles

Debit

Credit