LE Question 15 On January 1, 2020, Sunland Corporation isted $1,630,000 face value, 5%, 10-year bonds at $1,310.031. This price resulted in an effective interest rate of 6% on the bonds. Lock uses the effective interest method to amortize bond premium or discount. The bonds Day annual interest on January 1. Prepare the journal entry to record the bevance of the bonds on tancary 1, 2020. (Credit account titles are automatically indeed hamunt is entered. Do not indien manually.) Account Titles and Explanation Det Credit January 1, 2020 SHOW LIST OF ACCOUNTS LTH 10 TEXT Prepare an amortization table through December 31, 2022 three interent period for this band issue. (Round answers to o decimal places 15250) LOCK CORPORATION Bond Discount Amortization Effective-Interest Method Annual Interest Payments Annual Interest Periods Interest to be paid interest Expense to Be Recorded Discount Amortization Unamortized Discount Bond carrying Valve Issue date Prepare an amortization table through December 31, 2022 (three interest periods) for this bond leue. (Round answers to o decimal places. 15,250) LOCK CORPORATION Bond Discount Amortization Effective-Interest Method-Annual Interest Payments Annual Interest Periods Interest to Be Paid Interest Expense to Be Recorded Discount Amortization Unamortized Discount Bond Carrying Value Issue date 1 2 W LIST OF ACCOUNTS LINK TO TEXT Prepare the journal entry to record the accrual of interest and the amortization of the discount on December 31, 2020. (Hound answers to o decimal places, e.g. 15,250. Credit account titles are automatically indented when amount is entered. Do not indent manaly) Date Account Titles and Explanation Debit Credit Dec 31, 2020 SHOW LIST OF ACCOUNTS LINK TO TEXT Prepare the journal entry to record the payment of interest on January 1, 2021 (Round answers to decimal places. 15,250. Credit account ttles are automatically Indented when amount is entered. Do not lodenit manually.) Date Account Titles and Explanation Credit Jan 1, 2021 SHOW LIST OF ACCOUNT LITE Prepare the journal entry to record the accrual of Interest and the amortization of the discount on December 31, 2021. Round answers to decimal places 15.250. Credit accountles are automatically indented when tened De not inden maally.) Date Account Titles and Explanation Debit Credit Dec 31, 2021