Problem 15-02A a-c (Video) Pharoah Electric sold $4,040,000, 14%, 10-year bonds on January 1, 2020. The bonds were dated January 1, 2020, and paid interest on January 1. The bonds were sold at 96. Prepare the journal entry to record the issuance of the bonds on January 1, 2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Debit Credit Date Account Titles and Explanation Jan. 1, 2020 At December 31, 2020, $7,500 of the Discount on Bonds Payable account has been amortired. Show the balance sheet presentation of the long-term ability at December 31, 2020. (Enter account name only and do not provide descriptive information) Pharoah Electric Balance Sheet (Partial) SHOW LIST OF ACCOUNTS LINK TO TEXTURK TO TEXT VIDEO SIMILAR PROBLEM On January 1, 2022, when the carrying value of the bonds was $3,893,400, the company redeemed the bonds at 105. Record the redemption of the bonds assuming that Interest for the period has already been paid. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan 1, 2022