Wildhorse Electric sold $5,160,000, 14%, 10-year bonds on January 1, 2020. The bonds were dated January 1, 2020, and paid interest on January 1. The bonds were sold at 97.

Prepare the journal entry to record the issuance of the bonds on January 1, 2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

date	account titles and explanation	debit	credit
Jan.1,2020

At December 31, 2020, $7,600 of the Discount on Bonds Payable account has been amortized. Show the balance sheet presentation of the long-term liability at December 31, 2020. (Enter account name only and do not provide descriptive information.)

wildhorse electric balance sheet
december 31,2020
long term liabilities
bonds payable	$
less: discount on bonds payable		$

On January 1, 2022, when the carrying value of the bonds was $5,020,400, the company redeemed the bonds at 101. Record the redemption of the bonds assuming that interest for the period has already been paid. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

date	account titles and explanation	debit	credit
Jan.1,2022