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SOURCES 1 Problem 10-8A (Part Level Submission) Sarasota Corporation sold $2,750,000, 6%, 5-year bonds on January 1, 2017. The bonds were dated January 1, 2017, and pay interest on January 1. Sarasota Corporation uses the straight-line method to amortize bond premium or discount on) (a) ey Study Your answer is partially correct. Try again. Prepare all the necessary journal entries to record the issuance of the bonds and bond interest expense for 2017, assuming that the bonds sold at 102. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Debit Credit Date Account Titles and Explanation 2750000 Jan. 1 Cash 2700000 Bonds Payable DI 1 50000 Premium on Bonds Payable / TO Dec. 31 Interest Expense / / Premium on Bonds Payable / Interest Payable Click if you would like to Show Work for this question: Open blank Show Work Copy Show Work from Previous attempt SHOW LIST OF ACCOUNTS T TO TSYT LINK TO TEXT