Problem 10-12A On January 1, 2019, Windsor, Inc. issued $2,280,000 face value, 8%, 10-year bonds at $2,133,677. This price resulted in an effective-interest rate of 9% on the bonds. Windsor uses the effective-interest method to amortize bond premium or discount. The bonds pay annual interest on January 1. Your answer is partially correct. Try again. Prepare the journal entry to record the issuance of the bonds on January 1, 2019. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 1, 2019 Cash 2133677 Discount on Bonds Payable 14632311 Bonds Payable 2280000 Your answer is partially correct. Try again. Prepare an amortization table through December 31, 2021 (three interest periods), for this bond issue. (Round answers to 0 decimal places, e.g. 15,250.) Windsor, Inc. Bond Discount Amortization Effective-Interest Method-Annual Interest Payments Interest Expensen Annual Interest Periods Interest to Be Paid to Be Recorded Discount Amortization Unamortized Discount Bond Carrying Value ......... Issue date 1463231 2133677 > 182400 192031 9631 136692 2143308 182400 192898 10498 126194 7 2269502 T 182400 181560 840 9658 22703342 Your answer is correct. Prepare the journal entry to record the accrual of interest and the amortization of the discount on December 31, 2019. (Round answers to 0 decimal places, e.g. 15,250. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec. 31, 2019 Interest Expense 192031 Discount on Bonds Payable 9631 Interest Payable 182400 Your answer is correct. Prepare the journal entry to record the payment of interest on January 1, 2020. (Round answers to 0 decimal places, e.g. 15,250. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 1, 2020 Interest Payable 82400 Cash 182400