Tamarisk, Inc. issues $4.9 million, 5-year, 8% bonds at 101, with interest payable on January 1. The straight-line method is used to amortize bond premium (a) Your answer is correct. 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 4.949.000 cash Bonds Payable 4.900.000 Premium on Bonds Payable 49,000 (b) Your answer is partially correct 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 31 387,100 4.900 92.000