(b) Prepare the journal entry to record the payment 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 Dec. 31. 2022 Account Titles and Explanation Bonds Payable eTextbook and Media List of Accounts Save for Later I Bonds Payable Debit Credit M Attempts: 0 of 2 used Submit Answer

Prepare the journal entry to record the payment of interest and the discount amortization on December 31, 2022, (Credit occount titles are automatically indented when amount is entered. Do not indent manually.) Sandhill Company issued $800,000,12%,10-year bonds on December 31,2021 , for $730,000. Interest is payable annually on December 31 Sandhill Company uses the straight-line method to amortize bond premium or discount. (a) Prepare the joumal entry to record the issuance of the bonds. (Credit occount titles are automatically indented when amount is entered. Do not indent manually