*Exercise 10-28 Sheridan Company issued $418,000,7%, 10-year bonds on January 1, 2022, for $116,763. This price resulted in an effective-interest rate of 6% on the bonds. Interest is payable annually on January 1. Sheridan uses the effective-interest method ta amortize bond premium or discount. Prepare the schedule using effective-Interest method to amortize bond premium or discount of Sheridan. (Round answers to o decimal places, e.g. 5,275.) Interest to Be Paid Interest Periods Issue date Interest Expense to Be Recorded Premium Amortization Unamortized Premium Bond Carrying Value s $ 1 2 Prepare the joumal 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, 2022 Prepare the joumal entry to record the accrual interest and the premium amortization on December 31, 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Debit Credit Date Account Titles and Explanation Dec 31, 2022 Prepare the joumal entry to record the payment of interest on January 1, 2023. (Credit account titres are automatically indented when amount is entered. Do not indent manually.) Debit Credit Date Account Titles and Explanation Jan 1, 2023