Kingbird, Inc. issued $381,000, 9%, 15-year bonds on December 31, 2021, for $354,330. Interest is payable annually on December 31. Kingbird uses the straight-line method to amortize bond premium or discount.

Prepare the journal entry to record the ance of the bonds. (Credit accountries are automatically indented when amount ist. Do not det melly) Date Account Titles and banation Credit Dec 31, 2019 D Prepare the Journal by to record the payment of interest and the discount amortisation in December 31, 2020. (Cretes are automatically intented when amount is entered. Do not intentament Date Account Titles and Explanation Credit Dec. 3. 2020 were the souma entry to record the Federation of the bondel maturity, wning were the wait interest period has been die and recorded. (Crudit account inters are otomatically intended when we Date Accountitled Untion Dec 31, 2029