solve part B

Show Attempt History Current Attempt in Progress On June 30, 2020, Sheridan Company issued $5,840,000 face value of 13%, 20 year bonds at $6,279,340, a yield of 12%. Sheridan uses the effective interest method to amortize bond premium or discount. The bonds pay semiannual interest on June 30 and December 31 (a) Your answer is correct Prepare the journal entries to record the following transactions. (Round answer to decimal places, es 38,548. If no entry is required, select "No Entry for the account titles and enter for the amounts. Credit account titles are automatically indented when amounts entered. Do not indent manually) (1) (2) The issuance of the bonds on June 30, 2020. The payment of interest and the amortization of the premium on December 31, 2020. The payment of interest and the amortization of the premium on June 30, 2021 The payment of interest and the amortization of the premium on December 31, 2021. (3) (4) Debit Credit Date Account Titles and Explanation 6229340 June 30, 2020 Cach 09340 Premium on blonds Payable 5840000 fonds Payable 376760 December 31, 2020 Interest Expense 2010 Pavable Cash 379600 e Textbook and Media List of Accounts Attempts: 1 of 3 used (b) Show the proper balance sheet presentation for the liability for bonds payable on the December 31, 2021, balance sheet (Round answers to decimal places, eg. 38,548.) Sheridan Company Balance Sheet e Textbook and Media