wildhorse electric sold 3,800,000 10% 10 year bonds on january 1 2022 the bonds were dated january 1 and pay interest annulaly on january 1. wildhorse electric use s the straight line method to amortize bond premuim or discount. the bonds were sold at 103.

Wildhorse Electric sold $3,800,000,10%,10-year bonds on January 1, 2022. The bonds were dated January 1 and pay interistint annually on January 1. Wildhorse Electric uses the straight-line method to amortize bond premium or discount. The bandis weres at 103. (a) Prepare the journal entry to record the issuance of the bonds on January 1,2022. (Credit account titles are outomoticolly indented when amount is entered. Do not indent manually.) Prepare a bond premium amortization schedule for the first 4 interest periods. Prepare the journal entries for interest and the amortization of the premium in 2022 and 2023. (Credit occount tit automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the