Brief Exercise 10-10 Nasreen Company issues $2.10 million, 10-year, 7% bonds at 97, with interest payable each January 1. Prepare the journal entry to record the sale of these bonds on January 1, 2017. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 1 Cash 210000 Discount on Bonds Payable Bonds Payable SHOW LIST OF ACCOUNTS Assuming instead that the above bonds sold for 104, prepare the journal entry to record the sale of these bonds on January 1, 2017. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Jan.1 cash Debit Credit Premium on Bonds Payabli Bonds Payable SHOW LIST OF ACCOUNTS