At December 31, 2020, $7,900 of the Discount on Bonds Payable account has been amortized. Show the balance sheet presentation of the long-term liability at December 31, 2020.

Cu lumber Electric sold $4,490,000, 109, 10-year bonds on January 1, 2020. The bonds were dated January 1, 2020, and paid interest on January 1. The bonds were sold at 96. (a) Your answer is correct. Prepare the journal entry to record the issuance of the bonds on January 1, 2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually) Date Account Titles and Explanation Debit Credit Jan. 1. 2020 Cash 4.300.800 Dlacourt on Bonda Payable 179 200 Bonda Payable 4,490.000 eTextbook and Media List of Accounts Attempts: 1 of 3 used (b) Your answer is partially correct. At December 31, 2020, S7,900 of the Discount on Bonds Payable account has been amortizad Show the balance sheet presentation of the long-term liability at December 31, 2020. (Enter account name only and do not provide descriptive information) Cullumber Electric Balance Sheet (Partial) December 31, 2020 Long-term Liabilities Bonda Puyable 5,615,000 Lea V Dlacounton Bonda Payable 216,700