Carla Vista Inc. issues $2,500,000, 5-year, 10% bonds at 101, with interest payable annually on January 1. The straight-line method is used to amortize bond premium. (a) Prepare the journal entry to record the sale of these bonds on January 1, 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Jan. 1 Cash Bonds Payable List of Accounts Save for Later Debit C A C A W Ar Credit Ac Attempts: 0 of 1 used Submit Answer Q Act Qu Act Qu Acce Attempts: 0 of 1 used Submit Answer (b) Prepare the adjusting journal entry to record interest expense and bond premium amortization on December 31, 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Dec. 31 List of Accounts Save for Later Debit Credit C Ac V Ad Qu Act Qu ACC Qu Acce Qu Acc Attempts: 0 of 1 used Submit