eridan company issued $570,000, 5%, 20-year bonds on January 1, 2020, at 101. Interest is payable annually on January 1, Sheridan uses straight-line amortization for bond premium or discou nt. Prepare the journal entry to record the issuance of the bonds. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 1, 2020 Cash 28500 Bonds Payable Premium on Bonds Payable SHOW LTST OF ACCOUNTS LINK TO TEXT Prepare the journal entry to record the accrual of interest and the premium amortization on December 31, 2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec. 31, 2020 repare the journal entry to record the payment of interest on January 1, 2021, (Credit account titles are automatically indented when amount is entered. Do not indent manually.) e Account Titles and Explanation Debit Credit an. 1, 2021 SHOW LIST OF ACCOUNTS LINK TO TEXT repare the journal entry to record the redemption of the bonds at maturity, assuming interest for the last interest period has been paid and recorded. (Credit account titles are automatically indented when amount entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit lan. 1, 2040