Wildhorse Company sold $3,700,000,7%,10-year bonds on January 1,2020. The bonds were dated January 1,2020 and pay interest annually on January 1. Wildhorse Company uses the straight-line method to amortize bond premium or discount. te Account Tities and Explanation \begin{tabular}{|l|l|r|} \hline Cash & Debit \\ \hline 020 & 3885000 \\ \hline \end{tabular} Bonds Payable Premium on Bonds Payable Interent Expense Premium on Blonds Payable 240500 Interest Payable Wildhorse Company sold $3,700,000,7%,10-year bonds on January 1,2020. The bonds were dated January 1,2020 and pay interest annually on January 1. Wildhorse Company uses the straight-line method to amortize bond premium or discount. te Account Tities and Explanation \begin{tabular}{|l|l|r|} \hline Cash & Debit \\ \hline 020 & 3885000 \\ \hline \end{tabular} Bonds Payable Premium on Bonds Payable Interent Expense Premium on Blonds Payable 240500 Interest Payable