Question: Sunland Company issues $ 2 2 0 , 0 0 0 , 2 0 - year, 8 % bonds at 1 0 3 . Prepare

Sunland Company issues $220,000,20-year, 8% bonds at 103. Prepare the journal entry to record the sale of these bonds 1,2022.(Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Debit
Credit
Date Account Titles and Explanation
June 1
Cash
Premium on Bonds Payable
Bonds Payable
Sunland Company issues $220,000,20-year, 8% bonds at 103. Prepare the journal

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