Frye Company issued $700,000, 10%, 10-year bonds on January 1, 2017, at 105. Interest is payable annually on December 31. Frye uses the effective-interest method of amortization and has a calendar year end and the bonds were issued for an effective interest rate of 8%. Prepare all journal entries made in 2017 related to the bond issue. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)