Question: Attempt in Progress Saylor Co. sold $3,000,000,8%, 10-year bonds on January 1, 2022. The bonds were dated January 1, 2022, and pay interest on January

Attempt in Progress Saylor Co. sold $3,000,000,8%, 10-year bonds on January 1, 2022. The bonds were dated January 1, 2022, and pay interest on January 1. The company uses straight-line amortization on bond premiums and discounts. Financial statements are prepared annually. (a) Prepare the journal entries to record the issuance of the bonds assuming they sold at: (1) 103 and (2) 98. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Date Account Titles and Explanation Debit 1. Credit 1/1/22 2. 1/1/22

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