Prepare an effective interest amortization table for the first five interest payments for these bonds. (Round answers to 0 decimal places, e.g. 5,275.)

SHERIDAN CORP. Bond Premium Amortization Table Effective Interest MethodSemi-Annual Interest Payments 5% Bonds Issued at market rate of 4%
Date		Interest Payment		Interest Expense		Premium Amortization		Bond Amortized Cost
July 1, 2021		$		$		$		$
Jan. 1, 2022
July 1, 2022
Jan. 1, 2023
July 1, 2023
Jan. 1, 2024

Record the accrual of interest at December 31, 2021, and the subsequent payment on January 1, 2022. (Round answers to 0 decimal places, e.g. 5,275. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Date	Account Titles and Explanation	Debit	Credit
Dec. 31, 2021
	(To accrue interest expense.)
Jan. 1, 2022
	(To record interest payment.)

Assuming instead that Sheridan has an August 31 year end, prepare the adjusting entry related to these bonds on August 31, 2021, as well as the subsequent interest payment on January 1, 2022. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Date	Account Titles and Explanation	Debit	Credit
Aug. 31, 2021
	(To accrue interest expense.)
Jan. 1, 2022
	(To record interest payment.)