On January 1, 2025, Sheffield Company sold 12% bonds having a maturity value of $350,000.00 for $376,535.48, which provides the bondholders with a 10% yield. The bonds are dated January 1, 2025, and mature January 1, 2030, with interest payable December 31 of each year. Sheffield Company allocates interest and unamortized discount or premium on the effective-interest basis. Click here to view factor tables. (a) Your answer is correct. Prepare the journal entry at the date of the bond issuance. (Round answer to 2 decimal places, eg. 38,548.25. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries) Date Account Titles and Explanation January 1,2025 Cash Premium on Bonds Payable Bonds Payable Debit 376535.48 Credit 26535.48 350000.00 Your answer is correct. Prepare a schedule of interest expense and bond amortization for 2025-2027. (Round answer to 2 decimal places, e.g. 38,548.25.) Cash Paid: Schedule of Interest Expense and Bond Premium Amortization Effective-Interest Method Interest Expense Premium Amortized Carryi Value of B 42000 37653.55 42000 37218.9 434645 4781.1 42000 36740.79 5259.21 (b) Your answer is correct. Prepare a schedule of interest expense and bond amortization for 2025-2027. (Round answer to 2 decimal places, eg. 38,548.25.) Cash Paid Schedule of Interest Expense and Bond Premium Amortization Effective-Interest Method Interest Expense Premium Amortized Carrying Value of Bonds 376535.48 42000 37653.55 4346.45 372189.03 42000 37218.91 4781.1 367407.93 42000 36740.79 5259.21 362148.72 Your answer is correct. Prepare the journal entry to record the interest payment and the amortization for 2025. (Round answer to 2 decimal places, es 38,548.25. If no entry is required, select "No Entry for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.) Date Account Titles and Explanation December 31.2025 Interest Expense Premium on Bonds Payable Cash Debit 37653.55 4346.45 Credit 42000 (d) Prepare the journal entry to record the interest payment and the amortization for 2027. (Round answer to 2 decimal places, eg 38,548.25. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries) Date Account Titles and Explanation December 31,2027 Debit Credit