On July 1, 2021, Sunland Corp. issued $3,930,000 of 10-year, 5% bonds at $4,251,306. This price resulted in a 4% market interest rate on the bonds. The bonds pay semi-annual interest on July 1 and January 1, and Sunland has a December 31 year end. Record the issue of the bonds on July 1, 2021. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Debit Date Account Titles and Explanation July 1 Credit Cash 4251306 4251306 Bonds Payable (To record issuance of bonds) e Textbook and Media List of Accounts Prepare an effective interest amortization table for the first five interest payments for these bonds. (Round answers to decimal places, eg. 5,275.) SUNLAND CORP. Bond Premium Amortization Table Effective Interest Method-Semi-Annual Interest Payments 5% Bonds Issued at market rate of 4% Interest Payment Interest Expense Premium Amortization Bond Amortiz $ 982500 982500 982500 Date July 1. 2021 Jan. 1. 2022 July 1. 2022 Jan. 1. 2023 July 1 2023 Jan. 1. 2024 982500 982500 982500 Record the accrual o interest at December 31, 2021, and the subsequent payment on January 1, 2022. Round answers to decimal places, s: 5,275. Credit account titles are automatically indented when the amount is entered. Do not Indent manually. If no entry is required, select "No Entry for the account Utles and enter for the amounts) Date Account Titles and Explanation Debit Credit 31 2021 TO ACCU interest expense) Jan. 1 2022 Torecord interest payment e Textbook and Media List of Accounts Assuming that stand on and prethrred to the boot 2021 westeintaresto 1.2002. Cred countertically indeed when the amount interd. Do not indently relect "No Entry for the contendenter for the o Puhe F FT FB JJC $ % 4 5 1 & 7 Back ( 9 ) 0 + 11 6 8 ) U R Y o T U G H F J J K L