Question: Wildhorse Co . issued $ 5 7 5 , 5 0 0 of 5 - year, 5 % bonds at 9 8 on January 1

Wildhorse Co. issued $575,500 of 5-year, 5% bonds at 98 on January 1,2022. The bonds pay interest annually.
(a1)
Your answer is partially correct.
Prepare the journal entry to record the issuance of the bonds. (Credit accourift titles are automatically indented when amc is entered. Do not indent manually.)
Account Titles and Explanation
Debit
Credit
Discount on Bonds Payable '
Wildhorse Co. issued $575,500 of 5-year, 5% bonds at 98 on

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