Brief Exercise 15-11 Sweetwood Company issues $6,000,000, 10-year, 10% bonds at 97, with interest payable annually on January 1. The straight-line method is used to amortize bond discount E] 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 mar Date Account Titles and Explanation Debit Credit 5820000 Discount on Bonds Payabl 180000 Bonds Payable 6000000