Question: Please solve this, thank you so much Problem 10-10A (Part Level Submission) On January 1, 2017, Sarasota Corporation issued $1,740,000 face value, 8%, 10- year

Please solve this, thank you so much

Please solve this, thank you so much Problem 10-10A (Part Level Submission)

Problem 10-10A (Part Level Submission) On January 1, 2017, Sarasota Corporation issued $1,740,000 face value, 8%, 10- year bonds at $1,628,333. This price resulted in an effective-interest rate of 9% on the bonds. Sarasota uses the effective-interest method to amortize bond premium or discount. The bonds pay annual interest January 1. V (a) Prepare the journal entry to record the issuance of the bonds on January 1, 2017. (Round answers to 0 decimal places, e.g. 125. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jamil H H l l H H l l H H \\

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