Current Attempt in Progress The balance sheet for Sandhill Consulting reports the following information on July 1, 2020. Long-term liabilities Bonds payable $3,300,000 Less: Discount on bonds payable 165,000 $3,135,000 Sandhill decides to redeem these bonds at 102 after paying annual interest. Prepare the journal entry to record the redemption on July 1, 2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation July 1 eTextbook and Media List of Accounts Save for Later Debit Credit Attempts: 0 of 3 used Submit Answer