Bramble Corp. sold $3,200,000,6%, 10-year bonds on January 1, 2019. The bonds were dated January 1 and pay interest annually on January 1. Bramble Corp. uses the straight-line method to amortize bond premium or discount. The bonds were sold at 105. (a) Your answer is correct. Debit Prepare the journal entry to record the issuance of the bonds on January 1, 2019. (Credit account titles are automatically indented when amount is entered. Do not Indent manually.) Date Account Titles and Explanation Credit Jan 1, 2019 Cash Bonds Payable 3200000 Premium on Bonds Payable 160000 3360000 e Textbook and Media (b) Prepare a bond premium amortization schedule for the first 4 interest periods. Interest Expense to Be Recorded e Paid Premium Amortization Unamortized Premium Bond Carrying Value $ 192000 $ 192000 192000 192000 e Textbook and Media