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Sheridan Electric sold $4,100,000, 8%. 10-year bonds on January 1, 2022. The bonds were dated January 1 and pay interest annually on January 1. Sheridan

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Sheridan Electric sold $4,100,000, 8%. 10-year bonds on January 1, 2022. The bonds were dated January 1 and pay interest annually on January 1. Sheridan Electric uses the straight line method to amortize bond premium or discount. The bonds were sold at 102 (a) Prepare the journal entry to record the issuance of the bonds on January 1, 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually) Date Account Titles and Explanation Debit Credit Jan 1 2022 e Textbook and Media Assistance Used List of Accounts Save for later Last saved 55 seconds ago. Saved work will be auto submitted on the due date. Auto submission can take up to 10 minutes, Attempts: 0 of 2 used Submit Answer (b) Prepare a bond premium amortization schedule for the first 4 interest periods (b) Prepare a bond premium amortization schedule for the first 4 interest periods. Annual Interest Periods Interest to Be Paid Interest Expense to Be Recorded Premium Amortization Unamortizi Issue date 1 $ $ $ N 3 eTextbook and Media List of Accounts Save for Later Attempts: 0 of 2 used Submit Answer (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 (c) Prepare the Journal entries for interest and the amortization of the premium in 2022 and 2023. (Credit occount 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 Cr eTextbook and Media List of Accounts Save for Later Attempts: 0 of 2 used Submit Answer (d) (d) Show the balance sheet presentation of the bond liability at December 31, 2023. (Enter account name only and do not provide descriptive information) Sheridan Electric Balance Sheet (Partial) $ $ $ e Textbook and Media List of Accounts Save for Later Attempts: 0 of 2 used Submit

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