Need help with part B

Pharoah Company issues $4,500,000, 10-year, 8% bonds at 98, with interest payable annually on January 1. The straight-line method is used to amortize bond discount. (a) Your answer is correct. Prepare the journal entry to record the sale of these bonds on January 1, 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 1 Casti 4410000 93F Mostly sunny Date Account Titles and Explanation Debit Credit Jan. 1 Cash 4410000 Discount on Bonds Payable 90000 Bonds Payable 4500000 e Textbook and Media List of Accounts Attempts: 1 of 5 used Prepare the adjusting journal entry to record interest expense and bond discount amortization on December 31, 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec. 31 Interest Expense Interest Payable 360000 Discount on Bonds Payable e Textbook and Media List of Accounts Attempts: 1 of 5 used Submit Answer Save for Later