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apter Problem 10-11A On January 1, 2022, Pina Company issued $2,200,000 face value, 7%, 10-year bonds at $2,361,912. This price resulted in a 6% effective interest rate on the bonds. Pina uses the effective interest method to amortize bond premium or discount. The bonds pay annual interest on each January 1. Prepare the journal entries to record the following transactions. (Round answers to amount is entered. Do not indent manually.) decimal places, e.g. 125. Credit account titles are automatically indented when 1. The issuance of the bonds on January 1, 2022 2. Accrual of interest and amortization of the premium 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. No. Date Account Titles and Explanation Debit Credit 1. Jan. 1, 2022 2. Dec 31, 2022 3. Jan. 1, 2023 10:40 AM De here to search 3. Jan. 1, 2023 ASSIGNMENT RESOURCES Online Graded Chapter 103 BER10-22 ab Problem 10-10A Promo 4. Dec 31, 2023 Review Score Review Results by Study Obiective Show the proper long term liabilities balance sheet presentation for the liability for bonds payable at December 31, 2023. Bound answers to decimal place ) PINA COMPANY Balance Sheet (Partial) SHOW LIST OF ACCOUNTS Type here to search

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