Splish Brothers Inc. sold $4,200,000, 5%, 10-year bonds on January 1, 2022. The bonds were dated January 1 and pay interest annually on January 1. Splish Brothers Inc. uses the straight-line method to amortize bond premium or discount. The bonds were sold at 102. (a) Your answer is correct. 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 Jan. 1, 2022 Cash Premium on Bonds Payable Bonds Payable eTextbook and Media Debit 4284000 Credit 84000 4200000 (b) Your answer is correct. Prepare a bond premium amortization schedule for the first four interest periods. Interest Expense to Be Recorded Premium Amortization Unamortized Premium Bond Carrying Value 84,000 201,600 $ 8,400 75,600 201,600 201,600 8,400 8,400 67,200 4,284,000 4,275,600 4,267,200 58,800 4,258,800 201,600 8,400 50,400 eTextbook and Media 4,250,400 Question 10 of 10 < > Your answer is partially correct. 0.7/1 !!! 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 .31, 2022 Interest Expense 2023 Premium on Bonds Payable .31, 2023 Interest Expense Premium on Bonds Payable Debit 201600 8400 201600 8400 Credit 210000 210000 210000