b) Show the balance sheet presentation for the bond issue at December 31, 2025, using the 102 selling price.

c) Show the balance sheet presentation for the bond issue at December 31, 2025, using the 97 selling price

Current Attempt in Progress Sheridan Company sold $3,270,000, 9\%, 10-year bonds on January 1, 2025. The bonds were dated January 1, 2025, and pay interest on January 1 . The company uses straight-line amortization on bond premiums and discounts. Financial statements are prepared annually. (a) Prepare the journal entries to record the issuance of the bonds assuming they sold at: (1) 102 and (2) 97. (List all debit entries before credit entries. 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 titles and enter 0 for the amounts.)