Question: need help for answer B Shamrock, Inc. issues $4.6 million, 5 year, 9% bonds at 102, with interest payable on January 1. The straight-line method

need help for answer B need help for answer B Shamrock, Inc. issues $4.6 million, 5

Shamrock, Inc. issues $4.6 million, 5 year, 9% bonds at 102, with interest payable on January 1. The straight-line method is used to amortize bond premium (a) Your Answer Correct Answer Your answer is correct Prepare the journal entry to record the sale of these bonds on January 1, 2022. (Credit account titles are automatically Indented when amount is entered. Do not indent mentally Date Account Titles and Explanation Debit Credit Jan. 1 Cash 4,692,000 R Bonds Payable 4,600,000 Premium on Bonds Payable 92.000 Date Account Titles and Explanation Debit Credit Jan 1 Cash 4,692,000 Bonds Payable 4,600,000 Premium on Bonds Payable 92,000 e Textbook and Media Solution Attempts: 3 of 3 used (b) Prepare the journal entry to record interest expense and bond premium amortization on December 31, 2022, assuming no previous accrual of interest. (Credit account tities are automatically indented when amount is entered. Do not indent manually) Date Account Titles and Explanation Debit Credit Dec 31

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