Wildhorse Company issued $355,000, 7%, 10-year bonds on January 1, 2020, for $381,126. This price resulted in an effective-interest rate of 6% on the bonds. Interest is payable annually on January 1. Wildhorse uses the effective-interest method to amortize bond premium or discount.

(a)

Prepare the journal entry to record the issuance of the bonds. (Round answers to 0 decimal places, e.g. 15,250. Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Date	Account Titles and Explanation	Debit	Credit
Jan. 1

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List of Accounts