amortization tables

Carla Vista Co. sold $3,180,000, 7%, 10-year bonds on January 1, 2022. The bonds were dated January 1, 2022, and pay interest on January 1. The company uses straight-line amortization on bond premiums and discounts, Financial statements are prepared annually. (a) Your answer is correct. Prepare the journal entries to record the issuance of the bonds assuming they sold at: (1) 102 and (2) 95. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Date Account Titles and Explanation Debit Credit 1 1/1/22 Cash 3243600 Premium on Bonds Payable Bonds Payable 318 2 1/1/22 Cash 3021000 Discount on and Payable 159000 Bonds Payabile Prepare amortization table for issuance of the bonds sold at 102 for the first three interest payments. Annual Interest Periods Interest to Be Paid Interest Expense to Be Recorded Premium Amortization Issue date - 1 222600 2 222600 NE 3 222600 Prepare amortization table for issuance of the bonds sold at 95 for the first three interest payments. Annual Interest Periods Interest to Be Pald Interest Expense to Be Recorded Discount Amortization Issue date $C 1 222600 15900 2 222600 15900 3 222600 15900 . Prepare amortization table for issuance of the bonds sold at 102 for the first three interest payments. ist Expense Recorded Premium Amortization Unamortized Premium Bond Carrying Value LUL Prepare amortization table for issuance of the bonds sold at 95 for the first three interest payments. ist Expense Recorded Discount Amortization Unamortized Discount Bond Carrying Value 15900 15900 ONE IND 15900