Question: Can you please solve the question below as soon as possible? Sandhill Inc. issues $5,000,000, 5-year, 12% bonds at 101 , with interest payable annually

Can you please solve the question below as soon as possible?

Can you please solve the question below as soon as possible? Sandhill

Inc. issues $5,000,000, 5-year, 12% bonds at 101 , with interest payable

Sandhill Inc. issues $5,000,000, 5-year, 12% bonds at 101 , with interest payable annually on January 1 . The straight-line method is used to amortize bond premium. Prepare the adjusting journal entry to record interest expense and bond premium amortization on December 31 , 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

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