Question 14 On January 1, 2020, Wildhorse Corporation issued $2.170,000 face value, 49, 10 year bonds at $2,002,438. This price resulted in an effective interest rate of 59. on the bodit. Lock uses the effective interest method to amortize bond premium or discount. The bonda pay annual interest on January 1. (a) Your answer is correct. Prepare the journal entry to record the ance of the bonds on Jan 1, 2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Dobit Croc January 1, 2020 Cach 2002 Discount on Bonde Pavable 36755 2170000 fonds Pavable (b) Prepare an amortization table through December 31, 2022 (three interest periods) for this bond issue. (Round answers to o decimal places, ed. 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 $ 5 1 $ 1 2