Question $10$ of $10$

Carla Vista Electric sold $$3,950,000,10\%,10-$year bonds on January $1,2022.$ The bonds were dated January $1$ and pay interest annually on January $1.$ Carla Vista Electric uses the straight$-$line method to amortize bond premium or discount. The bonds were sold at $103.$

$($a$)$

$($b$).$

$($c$)$

Prepare the journal entries for interest and the amortization of the premium in $2022$ and $2023.($Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.$)$

Date

Account Titles and Explanation

Debit

Credit

also please add partial balance sheet show the balance sheet presentation of the bond liability at December $31,2023$