Question: Assuming instead that the above bonds sold for 104 , prepare the journal entry to record the sale of these bonds on January 1 ,

Assuming instead that the above bonds sold for 104 , prepare the journal entry to record the sale of these bonds on January 1 , 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No. Entry" for the account titles and enter of for the amounts.) Blue Spruce Corp. issues $1.80 million, 10 -year, 8% bonds at 95 , with interest payable cach January 1. (a) Your answer is correct. Prepare the journal entry to record the sale of these bonds on January 1, 2022. (Credit account tities are outomatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account tittes and enter of for the. amounts)

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