Brief Exercise 10-10 (Part Level Submission) Nasreen Company issues $1.70 million, 10-year, 9% bonds at 95, with interest payable each January 1. (a) Your answer is correct. 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 1,615,000 Cash Discount on Bonds Payable 85,000 1,700,000 Bonds Payable SHOW LIST OF ACCOUNTS SHOW SOLUTION SHOW ANSWER LINK T XT (b) 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 Debit Credit Jan. 1 SHOW LIST OF ACCOUNTS LINK TO TEXT