Tamarisk, Inc. issues $2.60 million, 10-year, 8% bonds at 97, with interest payable each January 1. 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 Bonds Payable Premium on Bonds Payable 2,600,000 Assuming instead that the above bonds sold for 104, 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 Jan. 1 Interest Expense Premium on Bonds Payable Interest Payable Debit Credit