CANVAS RH CANVAS Brytewave (Digital... Rate My Professor... MGT 240 Book (Part 2) Homework Question 4 of 4 0.42/1 E Your answer is partially correct. Sandhill Co. issued $480,000, 9%, 15-year bonds on December 31, 2016, for $460,800. Interest is payable annually on December 31. Sandhill uses the straight-line method to amortize bond premium or discount. Prepare the journal entries to record the following events. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) (a) (b) (c) The issuance of the bonds. The payment of interest and the discount amortization on December 31, 2017. The redemption of the bonds at maturity, assuming interest for the last interest period has been paid and recorded. Debit Credit No. Date Account Titles and Explanation Dec. (a) 31, Cash 2016 (b) Dec. 31, 2017 Interest Expense (c) Dec. 31, 2031 Cash e Textbook and Media Assistance Used eTextbook 1 e Textbook 2 NA A