--/1 Question 3 View Policies Current Attempt in Progress Sheridan Corporation issued 2,600,7%, 5-year, $1,000 bonds dated January 1, 2020, at 100. Interest is paid each January 1. Prepare the journal entry to record the sale of these bonds on January 1, 2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Janaury 1, 2020 Interest Payable Cash e Textbook and Media Assistance Used List of Accounts Prepare the adjusting journal entry on December 31, 2020, to record interest expense. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit December 31, 2020 Interest Expense Interest Payable December 31, 2020 Interest Expense Interest Payable eTextbook and Media List of Accounts Prepare the journal entry on January 1, 2021, to record interest paid. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit January 1, 2021 Interest Payable Cash e Textbook and Media List of Accounts