Current Attempt in Progress On June 30, 2020. Carla Company issued $4,860,000 face value of 14%, 20-year bonds at $5,591.240, a yield of 12%. Carla uses the effective-interest method to amortize bond premium or discount. The bonds pay semiannual interest on June 30 and December 31. (a) Your answer is correct. Prepare the journal entries to record the following transactions. (Round answer to 0 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.) (1) 325 The issuance of the bonds on June 30, 2020. The payment of interest and the amortization of the premium on December 31, 2020. (2) (3) The payment of interest and the amortization of the premium on June 30, 2021. (4) The payment of interest and the amortization of the premium on December 31, 2021. June 30, 2020 Can Payable 5591340 Premiunton Bonds Payable Cum on Bunds Payable December best Expense 335444 31.2020 Premium on Bosts Payable Cash June 30, 2021 Interest Expense Premium on Bunds Payable 5/10 E 4860000 731240 4725 A 24200 335190.86 5000.14 Casi December 31,2021 interest Expense 3342903 Premium on Bonts Payable 53047 340000 (b) Show the proper balance sheet presentation for the liability for bonds payable on the December 31, 2021, balance sheet. (Round answers to O decimal places, e.g. 38,548.) Carla Company Balance Sheet December 31.2021 eTextbook and Media $