Current Attempt in Progress

Sunland Electric sold $$2,700,000,9\%,10-$year bonds on January $1,2027.$ The bonds were dated January $1$ and pay interest annually on January $1.$ Sunland Electric uses the straight$-$line method to amortize bond premium or discount. The bonds were sold at $104.$

$($a$)$

Your answer is partially correct.

Prepare the journal entry to record the issuance of the bonds on January $1,2027.($Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.$)$

Date Account Titles and Explanation

Debit

Credit

Jan. $1$

Bonds Payable

eTextbook and Media