Wildhorse Co. Issued $354,000.7%, 15-year bonds on December 31, 2021, for $318,600. Interest is payable annually on December 31. Wildhorse uses the straight-line method to amortize bond premium or discount. (a) Your answer is correct. Prepare the journal entry to record the issuance of the bonds. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Debit Credit Date Account Titles and Explanation 318600 Dec. 31. 2021 Cash 35400 Discount on Bonds Payable 354000 Bonds Payable e Textbook and Media List of Accounts Attemnts: 4 of 19 used (b) Your answer is partially correct. Prepare the journal entry to record the payment of interest and the discount amortization on December 31, 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec. 31 2022 Interest Expense Premium on Bonds Payable Interest Payable e Textbook and Media List of Accounts Save for Later Attempts: 1 of 10 used Submit