On January $1,2022,$ Sheridan Company issued $$2,060,000$ face value, $8\%,10-$year bonds at $$1,927,796.$ This price resulted in an effective$-$interest rate of $9\%$ on the bonds. Sheridan uses the effective$-$interest method to amortize bond premium or discount. The bonds pay annual interest January $1.$

$($a$).$

Your answer is correct.

Prepare the journal entry to record the issuance of the bonds on January $1,2022.($Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts.$)$

Date

Account Titles and Explanation

Debit

Credit

Jan. $1,2022$

$1927796$

Discount on Bonds Payable

$132204$

Bonds Payable

$2060000$

$$

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List of Accounts

Attempts: $1$ of $5$ used

$($b$)$

Prepare an amortization table through December $31,2024($three interest periods$)$ for this bond issue. $($Round answers to $0$ decimal places, e$\mathrm{.}8.15,250.)$