Saylor Co. sold $3,000,000, 8%, 10-year bonds on January 1, 2022. The bonds were dated January 1, 2022, and pay interest on January 1. The company uses straight-line amortization on bond premiums and discounts . Financial statements are prepared annually.

. lit View Policies Current Attempt in Progress Saylor Co sold $3,000,000,8%, 10-year bonds on January 1, 2022. The bonds were dated January 1 2022 and pay interneto January 1. The company uses straight line amortization on band premiums and discounts. Financial statements are prepared annually Prepare the journal entries to record the issuance of the bonds assuming they sold at: (1) 103 and (2198. (Credit account titles are automatically Indented when amount is entered. Do not indent manually) Date Account Titles and Explanation 11/22 cash Debit Credit 3090000 Bonds Payable 3000000 Premium on Bonds Payable 90000 1/1/22 Cash 2940000 Discount on Bonds Payable 80000 Bonds Payable 3000000 e Textbook and Media List of Accounts doc Dam for Sociolo...do O 1 * 2 FE OVC e Textbook and Media List of Accounts Prepare amortization table for issuance of the bonds sold at 103 for the first three interest payments Annual Interest Periods Issue Interest to Be Paid Interest Expense to Be Recorded Premium Amortization Unamora Premiul $ $ 1 2 3 Prepare amortization table for issuance of the bonds sold at 98 for the first three interest payments. Annual Interest Periods Issue date Interest to Be Paid Interest Expense to Be Recorded Discount Amortization Uncamort Disco $ Exam. Sociolog.doc OEM 9 NI 1 nual trest lods Interest to Be Paid Interest Expense to Be Recorded Premium Amortization Unamortized Premium $ 3 $ je e 5 Prepare amortization table for issuance of the bonds sold at 98 for the first three interest payments. Annual Interest Periods Issue date Interest to Be Paid Interest Expense to Be Recorded Discount Amortization Unamart Discou 5 $ 1 1 e Textbook and Media Esam for Sociolog.doc o BI - 9 NI 14 DISC Question 1 of 1 - / 1 III List of Accounts Prepare the journal entries to record interest expense for 2022 under both of the bond issuances assuming they soldat: (11 103 and (2) 98. (Credit account titles are automatically indented when amount is entered. Do not indent manually No. Date Account Titles and Explanation Debit Credit 1 12/31/22 2 12/31/22 e Textbook and Media List of Accounts Show the long-term liabilities balance sheet presentation for issuance of the bonds sold at 103 at December 31, 2022 Exam for Sociologdoc 2 NI PO Google MC Question 1 of 1 SAYLOR CO. Balance Sheet (Partial) Show the long-term liabilities balance sheet presentation for issuance or the bonds sold at 98 at December 31, 2022 SAYLOR CO. Balance Sheet (Partial) e Textbook and Media List of Accounts Exam for Sociologdoc # F