Question: Sunland Corporation issued ( $ 5 4 0 , 0 0 0 ) of ( 6 % ) bonds
Sunland Corporation issued $ of bonds on May The bonds were dated January and mature January with interest payable July and January The bonds were issued at face value plus accrued interest. Prepare Sunland's journal entries for a the May issuance, b the July interest payment, and c the December adjusting entry. If no entry is required, select No Entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. Cash Bonds Payable Interest Expense Interest Expense Cash Interest Expense In
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