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: Assignment RCES CALCULATOR FULL SCREEN PLINTER VERSION BACK MITTE Exercise 15-17 a-c (Part Level Submission) Wildhorse Corporation issued $670,000,9%, 20 year bonds on January 1, 2020, for $612,959. This price resulted in an effective interest rate of 10% on the bonds. Interestis payable annually on January 1. Wildhorse uses the effective interest method to amortize bond premium or discount. (a) 05 -120- Your answer is correct. Prepare the journal entry to record the issuance of the bonds. (Round answers to decimal places, e.. 15,250. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 1 Cash 612,959 y Study Discount on Bonds Payable 57.641 Bonds Payable 670,000 Attempts: 1 of 15 used und answers to dec. 20 credit Attempts: 1 of 15 used (b) Prepare the journal entry to record the accrual of interest and the discount amortization on December 31, 2020. (Round answers to o decimal places, e.g. 15,250. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec. 31 Attempts: 0 of 15 used SAVE FOR LATER SUBMIT ANSWER (c) The parts of this question must be completed in order. This part will be available when you complete the art above

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