Question 12 of 34 < > View Policies -/2 Current Attempt in Progress The following is the partial bond discount amortization schedule for Sunland Corp. Sunland uses the effective-interest method of amortization. (a) Interest Periods Interest to Be Paid Interest Expense to Be Recorded Discount Amortization Unamortized Discount Bond Carrying Value Issue date $37,064 $922,936 1 $43,200 $46,147 $2,947 34,117 925,883 2 43,200 46,294 3,094 31,023 928,977 Prepare the journal entry to record the payment of interest and the discount amortization at the end of period 1. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation eTextbook and Media List of Accounts Save for Later Debit Credit Attempts: 0 of 5 used Submit Answer