Presented below is the partial bond premium amortization schedule for Sheridan Corp. Sheridan uses the effective-interest method of amortization Interest Periods Issue date Interest Payment Interest Expense Premium Amortization Bond Amortized Cost $119,383 1 $4,400 $819 118,564 $3,581 3,557 2 4,400 843 117,721 Prepare the journal entry to record the payment of interest and the premium amortization at the end of the first two periods. (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.) No. Account Titles and Explanation Debit Credit 1 (To record interest payment.) 2