Wildhorse Co. is building a new hockey arena at a cost of $2,750,000. It received a downpayment of $470.000 from local businesses to support the project, and now needs to borrow $2,280,000 to complete the project. It therefore decides to issue $2.280,000 of 10%, 10-year bonds. These bonds were issued on January 1, 2019, and pay interest annually on each January 1. The bands yield 9% (a) Your answer is correct Prepare the journal entry to record the issuance of the bonds on January 1, 2019 (Round present value factor calculations to 5 decimal places, eg 1.25124 and the final answer to Odecimal places eg 58.971. If no entry is required select " Entry for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually Feb 10 Your answer is correct. Prepare the journal entry to record the issuance of the bonds on January 1, 2019. (Round present value factor calculations to 5 decimal places, e.g. 1.25124 and the final answer to O decimal places eg. 58,971. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically Indented when amount is entered. Do not Indent manually) Date Account Titles and Explanation January 1, 2019 Cash Premium on Bonds Payetle Bonds Payable eTextbook and Media List of Accounts hp Debit 2426.321 Credit 14321 2200000 Attempts unlimited Feb 10 10:01 402 Prepare a bond amortization schedule up to and including January 1, 2023, using the effective interest method. (Round answers to O decimal places, eg. 38,548) Cash Interest Date Paidi Expense Premium Amortization 1/1/19 1/1/20 1/1/21 1/1/22 1/1/23 eTextbook and Media Carryin Amount Bonds Feb 10 10:02 AO