Cullumber Company issued $20,000,10-year, 7% bonds at 103 . (a) Your answer is correct. Prepare the journal entry to record the sale of these bonds on January 1,2025. (List all debit entries before credit entries, Credit account titles are outomatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount titles and enter Ofor the amounts.) Suppose the remaining Premium on Bonds Payable was $9,360 on December 31,2028 . Show the balance sheet presentation on this date