Exercise 15.15 a-d Sheridan Company issued $570,000, 5, 20-year bonds on Manuary 1, 2020, 101. Interest is payable ennully on January 1. Sheridan uses straight-nation for bond premium or discount Your answer is correct Prepare the journal entry to record the nuance of the bonds. (Credit accounts are automatically indented when amount is entered. Do not indent manually Debit Credit Date Account Tities and Explanation 575700 Jan 1, 2020 Cash 570000 Bands Payable 5200 Primim on Boris Payoti WST OF ACCOUNT WOW SOLUTION Your answer is partially correct. Try again 0 0 ME SHOW LINT OF ACCOUNTS SHOW SOLUTION LENK TO TEXT Your answer is partially correct. Try again 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 i entered. Do not indent manually.) Debit Credit Date Account Tities and Explanation Dec 31, 2020 st Expense 28785 285 Premium on Bonos Payable 250 Interest Payable Your answer is correct. Prepare 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 intent manba M 010