Current Attempt in Progress On January 1, 2020, Whispering Company sold 12% bonds having a maturity value of $550,000 for $591,698, which provides the bondholders with a 10% yield. The bonds are dated January 1, 2020, and mature January 1, 2025, with interest payable December 31 of each year. Whispering Company allocates interest and unamortized discount or premium on the effective interest basis. (a) Prepare the journal entry at the date of the bond issuance. (Round answer to 0 decimal places, eg. 38,548. If no entry is required, select "No Entry" for the account titles and enter Ofor the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Date January 1, 2020 e Textbook and Media List of Accounts Save for Later Attempts: 0 of 3 used Submit Answer Prepare the journal entry to record the interest payment and the amortization for 2022. (Round answer to decimal places, e.g. 38,548. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Date December 31, 2022 e Textbook and Media List of Accounts Save for Later Attempts: 0 of 3 used Submit