Sunland Company issued $580,000, 6%, 20-year bonds on January 1, 2022, at 103. Interest is payable annually on January 1. Sunland uses straight-line amortization for bond premium or discount. (a) (b) Prepare the journal entry to record the accrual of interest and the premium amortization on December 31, 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Dec. 31, 2022 Debit 4 Credit

Suntand Company issued $580,000,6%,20 year bonds on lancary 1.2022. at 103. Interest is puyable annually on danuary 1 . Sunland uses straight-Eine arnor tization for bond premium or discount. (b) Prepare the journal entry to record the accrual of interest and the premium amcrtization on December 31, 2022. (Credit occount titles are autornatically indented when amount is entered. Do not indent manually) Prepye the journal entry to record the payment of interest on dansary 1,2023. /Credit occount titles eve abtomotically indented when amount is entered. Do not indent monuolly] Prepare the journal enty to record the redesetion of the bonds at matur ity, asuming beterest for the bat interet period has been paid and recorded. (Crefit eccount tables are autemotically indented when amount is eniered. Do not indent manually)