Current Attempt in Progress -12.5 Saylor Co. sold $3,000,000, 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 the issuance of the bonds assuming they sold at: (1) 103 and (2) 98. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit 1/1/22 Credit Cash 3090000 Bonds Payable 3000000 Premium on Bonds Payable 90000 1/1/22 Cash 2940000 Discount on Bonds Payable 60000 Bonds Payable 30000000 Prepare amortization table for issuance of the bonds sold at 103 for the first three interest payments. Annual Interest Periods Interest to Be Paid Interest Expense to Be Recorded Premium Amortization Unamol Prem Issue date $ 240000 23100 $ 9000 $ 1 240000 23100 9000 2 240000 23100 9000 3 240000 23100 9000 Prepare amortization table for issuance of the bonds sold at 103 for the first three interest payments. Interest Expense to Be Recorded Premium Amortization Unamortized Premium Bond Carrying Value $ 23100 9000 $ 6000 $ 3090000 23100 9000 6000 3081000 23100 9000 6000 3072000 23100 9000 6000 3063000 Prepare amortization table for issuance of the bonds sold at 98 for the first three interest payments. Annual Interest Periods Interest to Be Paid Interest Expense to Be Recorded Discount Amortization Issue date Unamor Disco $ $ $ 1 2 3 e Textbook and Media List of Accounts Prepare amortization table for issuance of the bonds sold at 98 for the first three interest payments. Interest Expense to Be Recorded Discount Amortization Unamortized Discount Bond Carrying Value $ $ eTextbook and Media List of Accounts Prepare the journal entries to record interest expense for 2022 under both of the bond issuances assuming they sold at (1) 103 and (2) 98. (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 e Textbook and Media List of Accounts Question 10 of 10