part b

Show Attempt History Current Attempt in Progress Sandhill Co. Issues $4.1 million, 20-year, 8% bonds at 97 with interest payable on December 31. 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.) Debit Credit Date Account Tities and Explanation Jan. 1 Cash 3977000 Discount on Bonds Payable 123000 4100000 Bonds Payable e Textbook and Media List of Accounts Attempts: 1 of 3 used (b) Prepare the journal entry to record interest expense and bond discount amortization on December 31, 2022, assuming no previous accrual of interest. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec 31 e Textbook and Media List of Accounts Attempts: 0 of 3 used Submit Answer Save for Later MacBook Du TV