Wildhorse Inc. issues $3,500,000, 5-year 10% bonds at 104, with interest payable annually on January 1. The straight-line method is used to amortize bond premium. CALCULATOR PRINTER VERSION BACK NEXT Prepare the journal entry to record the sale of these bonds on January 1, 2020. (Credit account titles are automatically Indented when amount is entered. Do not Windent manually.) Date Account Tities and Explanation Jan. 1 Debit Credit SHOW LIST OF ACCOUNTS LNK TO TEXT Prepare the adjusting journal entry to record interest expense and bond premium amortization on December 31, 2020. (Credit account titles are automatically Wndented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Dec. 31 Debit Credit