On January $1,2022,$ Bramble Corp. issued $$2,300,000$ face value, $11$$$,10-$year bonds at $$2,441,325.$ This prike resulted in a $10\%$ effective$-$interest rate on the bonds. Bramble uses the effective interest method to amortize bond premium or discount. The bonds pay annual interest on each January $1.$

$($a$)$

Your answer is correct.

Prepare the journal entries to record the following transactions. $($Round answers to O decind ploces, es$.15\mathrm{.}250.$ Credit acceunt thes are astomationly indented when amount is entered. Do not indert manvally. If no entry is required, select $"$No Entry" for the account tiles and enter Ofor the amounta$)$

$(1)$ The issuaice of the bonch on January $1,2022$

$(2)$ Accnual of interest and amortization of the gremlum on December $31,2022$

$(3)$ The payment of interest on January $1,2023.$

$(4)$ Accrual of interest and amortization of the premium on December $31,2023.$

eTextbook and Media

List of Accounts

Attempts $1$ of $ used

$($b$)$

Show the proper langterm liabilities bal ance sheet presentation for the liability for bonds payable at December $31,2023.($Ented acoocint nome only and do net provide descrigtive information$)$

Bramble Corp.

Balance Sheet $($Partial$)$

eTextbook and Media

Ust of Accounts

Atternpte $0$ of $5$ used