Swifty Corporation sold $3,150,000,8%, 5-year bonds on January 1, 2022. The bonds were dated January 1, 2022, and pay interest on January 1. Swifty Corporation uses the straight-line method to amor bond premium or discount. - Your answer is partially correct. Prepare all the necessary journal entries to record the issuance of the bonds and bond interest expense for 2022, assuming that the bonds sold at 107. (Credit account titles are automatically indented when amount is entered. Do not indent manually) Debit Credit Balbiation Date Account Titles and Explanation Jan. 1 Cash Dec. 31 Premium on Bonds Payable Bonds Payable Interest Expense Premium on Bonds Payable Interest Payable e Textbook and Media List of Accounts - Your answer is partially correct. Prepare journal entries to record the issuance of the bonds and bond interest expense for 2022, assuming that the bonds sold at 95. (Credit account titles are automatically indented when amount is entered. not indent manually.) Debit Credit Date Jan. 1 Account Titles and Explanation Cash Discount on Bonds Payable Bonds Payable Interest Expense Discount on Bonds Payable Interest Payable Dec 31 e Textbook and Media List of Accounts - Your answer is partially correct. (1) Show the balance sheet presentation for the bond issue at December 31, 2022, using the 107 selling price. SWIFTY CORPORATION Balance Sheet (Partial) December 31, 2022 Current Liabilities Interest Payable Long-term Liabilities Bonds Payable Add : Premium on Bonds Payable (2) Show the balance sheet presentation for the bond issue at December 31, 2022, using the 95 selling price. SWIFTY CORPORATION Balance Sheet (Partial) December 31, 2022 Your answer is partially correct. (1) Show the balance sheet presentation for the bond issue at December 31, 2022, using the 107 selling price. SWIFTY CORPORATION Balance Sheet (Partial) December 31, 2022 Current Liabilities Interest Payable $ Long-term Liabilities Bonds Payable $ Add : Premium on Bonds Payable (2) Show the balance sheet presentation for the bond issue at December 31, 2022, using the 95 selling price. SWIFTY CORPORATION Balance Sheet (Partial) December 31, 2022 Current Liabilities Interest Payable Long-term Liabilities Bonds Payable A Less: Discount on Bonds Payable eTextbook and Media List of Accounts