Problem 10-4A (Part Level Submission) Asquith Electric sold $457 000 119, 10-year bonds on January 1 at 102. me bonds were sold 2015. The bonds were dated January 1 and paid interest on Januaryan 1 un Your answer is correct. Prepare the journal entry to record the issuance of the bonds on January 1, 2015. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 1, 2015 TCash 466,140 Bonds Payable 457,000 9,140 Premium on Bonds Pay SHOW LIST OF ACCOUNTSSHOW SOLUTION SHOW ANSWER LINK TO TEXT VIDEO: SIMILAR PROBLEM Attempts: 3 of 5 used (b) At December 31, 2015, the balance in the Premium on Bonds Payable account is $8,226. Show the balance sheet presentation of accrued interest and the bond liability at December 31, 2015. (For Bonds Payable, Notes Payable and Mortgage payale enter the account name only and do not provide any additional descriptive information e.g. due 2024.) Asquith Electric Balance Sheet December 31, 2015 SHOW LIST OF ACCOUNTS LINK TO TEXT VIDEO: SIMILAR PROBLEM Attempts: o of s used SAVE FOR LATER SUBMIT ANSWER SUBMIT