Your answer is partially correct. Try again. Prepare an amortization table through December 31, 2019 (three interest periods) for this bond issue. (Round a to o decimal places, e.g. 125.) SHEFFIELD CORP. Bond Discount Amortization Effective-Interest Method-Annual Interest Payments Interest Annual Interest Expense Bond Interest to Be to Be Discount Unamortized Carrying Periods Paid Recorded Amortization Discount Value Issue dat 1543711 X 1 140800 154371 13571 1557282 x X 5 2 140800 155728 73728 1631010 x X 3 140800 163101 81101 1712111 Click if you would like to Show Work for this question: Open Show Work ES Problem 10-10A (Part Level Submission) On January 1, 2017, Sheffield Corporation issued $1,760,000 face value, 8%, 10-year bonds at $1,543,711. This price resulted in an effective-interest rate of 10% on the bonds. Sheffield uses the effective-interest method to amortize bond premium or discount. The bonds pay annual interest January 1. (a) Your answer is correct. 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 tities are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 1 Cash 1,543,211 Discount on Bonds Payable 216,289 Bonds Payable 1,760,000 Click if you would like to Show Work for this question: Open Show Work