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Current Attempt in Progress On January 1, 2022, Sheridan plc sold 11% bonds having a maturity value of 800,000 for 830,325.52 which provides the bondholders

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Current Attempt in Progress On January 1, 2022, Sheridan plc sold 11% bonds having a maturity value of 800,000 for 830,325.52 which provides the bondholders with a 10% yield. The bonds are dated January 1, 2022, and mature January 1, 2027, with interest payable December 31 of each year. (a) Prepare the journal entry at the date of the bond issuance. (Round answer to 2 decimal places, eg 38,548.37. If no entry is required. select "No Entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when amount la entered. Do not indent manually.) Debit Credit Date Account Titles and Explanation January 1.2022

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