Pharoah Company issued 5450,000,6%,20-year bonds on January 1. 2022, at 101. Interest is payable annually on January 1. Pharoah uses straight-line amortization for bond premium or discount. (a) Your answer is partially correct. Prepare the journal entry to record the issuance of the bonds. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Prepare the journal entry to record the accrual of interest and the premium amortization on December 31, 2022. (Credit account tities are automatically indented when amount is entered. Do not indent manually.)