Problem 10-09A Sandhill Co. sold $3,190,000, 8%, 10-year bonds on January 1, 2022. The bonds were dated January 1, 2022, and pay interest on January 1. The company uses straight-line amortization on bond premiums and discounts. Financial statements are prepared annually.

Prepare the journal entries to record the issuance of the bonds assuming they sold at: (1) 103 and (2) 97. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

No.	Date	Account Titles and Explanation	Debit	Credit
1.	1/1/22	enter an account title to record the issuance of the bonds assuming option one on January 1, 2017	enter a debit amount	enter a credit amount
		enter an account title to record the issuance of the bonds assuming option one on January 1, 2017	enter a debit amount	enter a credit amount
		enter an account title to record the issuance of the bonds assuming option one on January 1, 2017	enter a debit amount	enter a credit amount
2.	1/1/22	enter an account title to record the issuance of the bonds assuming option two on January 1, 2017	enter a debit amount	enter a credit amount
		enter an account title to record the issuance of the bonds assuming option two on January 1, 2017	enter a debit amount	enter a credit amount
		enter an account title to record the issuance of the bonds assuming option two on January 1, 2017	enter a debit amount	enter a credit amount

SHOW LIST OF ACCOUNTS

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Prepare amortization table for issuance of the bonds sold at 103 for the first three interest payments.

Annual Interest Periods		Interest to Be Paid		Interest Expense to Be Recorded		Premium Amortization		Unamortized Premium		Bond Carrying Value
Issue date		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount
1		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount
2		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount
3		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount

Prepare amortization table for issuance of the bonds sold at 97 for the first three interest payments.

Annual Interest Periods		Interest to Be Paid		Interest Expense to Be Recorded		Discount Amortization		Unamortized Discount		Bond Carrying Value
Issue date		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount
1		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount
2		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount
3		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount

SHOW LIST OF ACCOUNTS

LINK TO TEXT