Cullumber Company sold $3,230,000, 8%, 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.

Prepare the journal entries to record interest expense for 2022 under both of the bond issuances assuming they sold at: (1) 101 and (2) 97. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Date Account Titles and Explanation Debit Credit 1. 12/31/22 2. 12/31/22 SHOW LIST OF ACCOUNTS LINK TO TEXT Your answer is partially correct. Try again. Show the long-term liabilities balance sheet presentation for issuance of the bonds sold at 101 at December 31, 2022. CULLUMBER COMPANY Balance Sheet (Partial) December 31, 2022 Il Current Assets Curre TAdd Show the long-term liabilities balance sheet presentation for issuance of the bonds sold at 97 at December 31, 2022. CULLUMBER COMPANY Balance Sheet (Partial) For the Year Ended December 31, 2022 | Total Stockholders' Equity 6.- Click if you would like to Show Work for this question: Open Show Work