On October $1,2024,$ Sandhill Corporation issued $$590,000$ of $10-$year, $4\%$ bonds at $100.$ Interest is payable semi$-$annually on October Bonds Payable

Interest Expense

Interest Payable

$2025$

Apr. $1,$ Interest Payable

Interest Expense

$[]$

eTextbook and Media

List of Accounts

Attempts: unlimited

$($b$)($b$)$

Identify what amounts, if any, Sandhill would report as a current liability and non$-$current liability with respect to the bond and

bond interest accounts on December $31,2024.$

SANDHILL CORPORATION

Statement of Financial Position $($Partial$)$

For the Year Ended December $31,2024$

$1$ and April $1.$ Sandhill's year end is December $31$ and the company records adjusting entries annually.

$($a$)$

Your answer is correct.

Prepare journal entries to record the following: $($Credit account titles are automatically indented when the amount is entered. Do not

indent manually. Record journal entries in the order presented in the problem. If no entry is required, select $"$No Entry" for the account titles

and enter O for the amounts. List all debit entries before credit entries.$)$

The issue of the bonds on October $1,2024.$

The accrual of interest on December $31,2024.$

The payment of interest on April $1,2025.$

Date

Account Titles

Debit

Credit

$2024$

Oct. $1$

Cash

NOTE: Please answer B part only, pls refer to the attached picture. Thank you