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Problem 10-08A Pronghorn Corporation sold $2,700,000, 9%, 5-year bonds on January 1, 2022. The bonds were dated January 1, 2022, and pay interest on January 1. Pronghorn Corporation uses the straight-line method to amortize bond premium or discount. Prepare all the necessary journal entries to record the issuance of the bonds and bond interest expense for 2022, assuming that the bonds sold at 106. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Debit Crede Date Account Titles and Explanation Jan. 1 Dec. 31 Prepare journal entries to record the issuance of the bonds and bond interest expense for 2022, assuming that the bonds sold at 96. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 1 Dec. 31 (1) Show the balance sheet presentation for the bond issue at December 31, 2022, using the 106 selling price. PRONGHORN CORPORATION Balance Sheet (Partial) (2) Show the balance sheet presentation for the bond issue at December 31, 2022, using the 96 selling price. (2) Show the balance sheet presentation for the bond issue at December 31, 2022, using the 96 selling price. PRONGHORN CORPORATION Balance Sheet (Partial) Click if you would like to Show Work for this question: Open Show Work

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