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Pronghorn Corporation sold $2,700,000,9%,5-year bonds on January 1, 2022. The bonds were dated January 1,2022, and pay internst on January 1. Pronghorn Corporation uses the

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Pronghorn Corporation sold $2,700,000,9%,5-year bonds on January 1, 2022. The bonds were dated January 1,2022, and pay internst on January 1. Pronghorn Corporation uses the straight-line method to amortize bond premium or discount. Prepare all the necessaryjournal entries to record the issuance of the bonds and bond interest expense for 2022; assuming that the bonds sold at 106. (Credit account titles are automatically indented when amount is entered, Do not indent manually.) Prepare journal entries to record the issuance of the bonds and bond interest expense for 2022 , assuming that the bonds sold at 96. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) (2) Show the balance sheet presentation for the bond issue at December 31,2022 , using the 96 selling price. (2) Show the balance sheet presentation for the bond issue at December 21

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