On June 30, 2020, Whispering Company issued $3,270,000 face value of 13%, 20-year bonds at $3,516,000, a yield of 12%. Whispering uses the effective-interest method to amortize bond premium or discount. The bonds pay semiannual interest on June 30 and December 31 (a) Your answer is partially correct. Prepare the journal entries to record the following transactions. (Round answer to decimal places, eg, 38,548. If no entry is required, select "No Entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually). (1) (2) The issuance of the bonds on June 30, 2020. The payment of interest and the amortization of the premium on December 31, 2020 The payment of interest and the amortization of the premium on June 30, 2021. The payment of interest and the amortization of the premium on December 31, 2021. (3) (4) ate Account Titles and Explanation Debit Credit 30. Cash 3516000 Bonds Payable 246000 Premium on Bonds Payable 3270000 cember 2020 Interest Expense Premium on Bonds Payable Cash Lune 30, 021 Interest Expense Premium on Bonds Payable Cash December 31, 2021 Interest Expense INT Premium on Bonds Payable Cash Show the proper balance sheet presentation for the liability for bonds payable on the December 31, 2021, balance sheet. (Round answers to O decimal places, e.g. 38,548.) Cullumber Company Balance Sheet December 31, 2021 $ $