Brief Exercise 15-13 a-b (Part Level Submission) Cullumber Inc. issues $3,000,000, 5-year, 8% bonds at 102, with interest payable annually on January 1. The straight-line method is used to amortize bond premium.

(a)

Prepare the journal entry to record the sale of these 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