(a1) Your answer is correct. Prepare the schedule using effective-interest method to amortize bond premium or discount of Sarasota. (Round answers to O decimal places, e.g. 5,275.) Interest Expense to Be Recorded Discount Amortization Unamortized Discount Bond Carrying Value $ $ $ 43199 $ 396801 31744 944 42255 397745 31820 1020 41235 398765 e Textbook and Media List of Accounts Attempts: 2 of 5 used (a2) Your answer is correct. Prepare the journal entry to record the issuance of the bonds. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 1, 2022 Cash 396801 Discount on Bonds Payable 43199 Bonds Payable 440000 e Textbook and Media List of Accounts Attempts: 1 of 5 used (b) Prepare the journal entry to record the accrual of interest and the discount amortization on December 31, 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec. 31. 2022 e Textbook and Media List of Accounts