Unamortized discount and bond carrying value columns are also there

On January 1, 2022, Sheffield Corporation issued $2,550,000 face value, 7%, 10-year bonds at $2,378,893. This price resulted in an effective-interest rate of 8% on the bonds. The bonds pay annual interest, each January 1. Sheffield has a calendar year end. (a) Your answer has been saved. See score details after the due date: Prepare the journal entry to record the issue of the bonds on January 1, 2022. (List oll debit entries before credit entries, Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 1, 2022 Interest Payable 170500 178500 Prepare an amortization table through December 31, 2025 (three interest periods) for this bond issue. (Round answers to the nearest whole dollar, e.g. 5,275.) SHEFFIELD CORPORATION Bond Discount Amortization Effective-Interest Method - Annual Interest Payments 7% Bonds Issued at 8% Annual Interest Periods Interest Payment Interest Expense Discount Amortization Unamortiz Discount Issue date --Jan, 1.2022 $ 1 - Jan 1, 2023 $ $ 2 - Jan 1, 2024 3 - Jan 1, 2025 namortization table through December 31, 2025 (three interest periods) for this bond issue. (Round answers to the hole dollar, e.g. 5,275.) SHEFFIELD CORPORATION Bond Discount Amortization Effective-Interest Method - Annual Interest Payments 7% Bonds Issued at 8% Discount Amortization Interest Expense Bond Carrying Amount Unamortized Discount $