Splish Brothers Inc. Issues $3.7 million, 10-year, 6% bonds at 103, with interest payable on January 1. The straight-line method is used to amortize bond premium. (a) Your answer has been saved. See score details after the due date Prepare the journal entry to record the sale of these 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 Cash 3811000 Discount on Bonds Payable 111000 Bonds Payable 3700000 Prepare the journal entry to record interest expense and bond premium amortization on December 31, 2022, assuming no previous accrual of interest. (Credit account titles are automatically indented when amount is entered. Do not indent manually) Date Account Titles and Explanation Debit Credit Dec. 31 Interest Expense I Discount on Bonds Payable Interest Payable