Wildhorse Company issued $988,000, 7%, 10-year bonds on January 1, 2022, for $1,060,713. 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. (21) Your answer is correct. Prepare the schedule using effective-interest method to amortize bond premium or discount of Wildhorse. (Round answers to O decimal places, eg. 5,275.) Interest Expense to Be Recorded Premium Amortization Unamortized Premium Bond Carrying Value $ $ ta 72713 $ 1060713 63643 5517 67196 1055196 63312 5848 61348 1049348 e Textbook and Media List of Accounts Attempts: 1 of 5 used (a2) Your answer is partially 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.) Credit Date Jan. 1, 2022 Account Titles and Explanation Cash Debit 1060713 Premium on Bonds Payable Bonds Payable e Textbook and Media List of Accounts Save for Later Attempts: 4 of 5 used Submit Answer Question Part Score 2.42/3.1