Wildhorse Company issues $4,500,000, 10-year, 8% bonds at 96, with interest payable annually on January 1. The straight-line method is used to amortize bond discount. (a) New attempt is in progress. Some of the new entries may impact the last attempt grading. Your answer is partially correct. Prepare the journal entry to record the sale of these bonds on January 1, 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 1 enter an account title to record the sale of the bonds on January 1 Cash enter a debit amount 4,320,000 enter a credit amount enter an account title to record the sale of the bonds on January 1 Discount on Bonds Payable enter a debit amount enter a credit amount enter an account title to record the sale of the bonds on January 1 Bonds Payable enter a debit amount enter a credit amount eTextbook and Media List of Accounts Last saved 2 hours ago. Attempts: 2 of 5 used (b) Prepare the adjusting journal entry to record interest expense and bond 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 enter an account title for the adjusting entry on December 31 Interest Expense enter a debit amount enter a credit amount enter an account title for the adjusting entry on December 31 Bonds Payable enter a debit amount enter a credit amount enter an account title for the adjusting entry on December 31 Cash enter a debit amount