Question 3 of 5 15.15/1 iew Policies how Attempt History Current Attempt in Progress On January 1, 2021, Sheridan Satellites issued $1,200,000, 10-year bonds. The bonds pay semi-annual interest on July 1 anc January 1, and Sheridan has a December 31 year end. A partial bond amortization schedule is presented below. Interest Payment Interest Expense Amortization Semi-Annual Interest Period Jan 1, 2021 July 1, 2021 Jan. 1.2022 July 1.2022 Jan. 1. 2023 July 1.2023 Jan. 1.2024 $[1] 36,000 36,000 36.000 36,000 36,000 $[2] 39.121 39,230 39.343 39.460 39,581 $3,015 3,121 [3] [4] 3.460 3,581 Bond Amortized Cost $1,114,726 1.117.741 1.120.862 1.124,092 151 1.130,895 1,134,476 uestion 3 of 5 15.15/16 Your answer is partially correct. Date Record the issue of the bonds on January 1, 2021. (Credit account titles are automatically Indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Account Titles and Explanation Debit Credit Jan. 1, 2021 Bonds Payable (To record issuance of bonds.) Cash 85274 1200000 e Textbook and Media List of Accounts GLIUI SHERIDAN SATELLITES Balance Sheet (Partial) December 31, 2021 Current Liabilities Interest Payable 36000 Non Current Liabilities $ Bonds Payable 1200000 e Textbook and Media List of Accounts Attempts: 4 of 5 used