prepare journal entries

complete the partial balance sheet

journalize transactions

Sheridan Company sold $5,300,000,7%,15-year bonds on January 1,2025. The bonds were dated January 1,2025, and pay interest on December 31 . The bonds were sold at 97 . Prepare the journal entry to record the issuance of the bonds on January 1, 2025. (List all debit entries before credit entries. Credit account titles are automdtically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount titles and enter of for the amounts.) At December 31,2025, $10,600 of the bond discount had been amortized. Show thelong-term liability balance sheet presentation of the bond liability at December 31,2025 At January 1,2027, when the carrying value of the bonds was $5,162,200, the company redecmed the bonds at 101. Record the redemption of the bonds assuming that interest for the year had already been paid. (tist alf debit entefies before credit entrles. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required. select "No Entry" for the account tities and enter 0 for the amounts.)