*Problem 10-4A (Part Level Submission) Asquith Electric sold S540,000, 15%, 10-year bonds on January 1, 2015. The bonds were dated January 1 and paid interest on January 1 and July 1, The bonds were sold at 104. Your answer is correct. Prepare the joumal entry to record the issuance of the bonds on lanuary 1, 2015. (Credit account tities are automatically indented when amount is entered. Do not indent manually) Date Account Titles and Explanation Debit Credit 1616001 lan. 1, 2015 Casr onds Payabl 54000 Premium on Bonds Payable21600 Attempts: 3 of 5 used At December 31, 2015, the balance in the Premium on Bonds Payable account is $19,440. Show the balance sheet presentation of accrued interest and the bond liability at December 31, 2015. (For Bonds Payable, Notes Payable and Mortgage payable enter the accoutname only and do not provlde any additlonal descriptve Information e.g. due 2024.) Attempts: 0 of 5 used The parts of this question must be completed in order. This part will be available when you complete the part above