Problem 15-08A a-e On January 1, 2020, Pharoah Corporation issued $1,500,000 face value, 4%, 10-year bonds at $1,384,174. This price resulted in an effective interest rate of 5% on the bonds. Lock uses the effective interest method to amortize bond premium or discount. The bonds pay annual interest on January 1. 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 January 1, 2020 Cash 1384174 Discount on Bonds Payable 115525 Bonds Payable 1500000 Prepare an amortization table through December 31, 2022 (three interest periods) for this bond issue. (Round answers to 0 decimal places, e.g. 15,250.) LOCK CORPORATION Bond Discount Amortization Effective-Interest Method - Annual Interest Payments Annual Interest Periods Interest to Be Paid Interest Expense to Be Recorded Discount Amortization Unamortized Discount Bond Carrying Value Issue date 115826 1384174 50000 69209 9209 106617 1393383 60000 69669 969 1403052 60000 70153 1015 86796 1413204 Prepare the journal entry to record the core of interest and the amortization of the discount on December 31, 2020. (Round answers to 15, 250. Credit account titles are automatically indented when amount is entered. Do not indent manually.) decimal places, c. Date Account Titles and Explanation Dec 31, 2020 Prepare the journal entry to record the accrual of interest and the amortization of the discount on December 31, 2020. (Round answers to o 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 Dec 31, 2020 Debit Credit LINK TO TEXT Prepare the journal entry to record the payment of interest on January 1, 2021. Round answers to automatically indented when amount is entered. Do not indent manually.) decimal places, e.. 15,250. Credit account titles are Date Account Tities and Explanation Debit Credit Jan 1, 2021 decimal places, Prepare the journal entry to record the accrual of interest and the amortization of the discount on December 31, 2021. (Hound answers to 15,250. Credit account titles are automatically indented when amount is entered. Do not ment manually) Acount Thies and Explanation bate Dec 31, 2021