Prepare the journal entries to record the issuance of the bonds. (Round answers to 0 decimal places, e.g. 125.) -Jan. 1, 2017

Prepare the journal entries to record the accrual of interest and the discount amortization on December 31, 2017.(Round answers to 0 decimal places, e.g. 125.)

Prepare the journal entries to record the payment of interest on January 1, 2017. (Round answers to 0 decimal places, e.g. 125.)

Exercise 10-23 (Part Level Submission) Sandhill Co. issued $450,000, 7%, 15-year bonds on January 1, 2017, for $543,417. This price resulted in an effective-interest rate of 5% on the bonds. Interest is payable annually on January 1. Sandhill uses the effective-interest method to amortize bond premium or discount. (al) Prepare the schedule using effective-interest method to amortize bond premium or discount of Sandhill Co.. (Round answers to o decimal places, e.g. 125.) Interest Interest to Interest Expense Premium Unamortized Periods Be Paid to Be Recorded Amortization Premium Carrying Value Bond Issue date $ $ 1 2 Click if you would like to Show Work for this question: Open Show Work