Wildhorse Co. issued $545,000, 15-year, 4% bonds at 96. (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 the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 1 Cash 523200 Discount on Bonds Payable 21800 Bonds Payable 545000 - Your answer is partially correct. Suppose the remaining Discount on Bonds Payable was $13,080 on December 31, 2027. Show the balance sheet presentation on this date. WILDHORSE CO. Balance Sheet (Partial) December 31, 2027 Long-term Liabilities Bonds Payable $ 545000 Less Discount on Bonds Payable $ e Textbook and Media