Current Attempt in Progress

Sheridan Company issues $$250,000,10-$year, $10\%$ bonds at $99.$

Prepare the journal entry to record the sale of these bonds on March $1,2022.($Credit account titles are automatically indented when amount is entered. Do not indent manually.$)$

Date Account Titles and Explanation

Debit

Credit

Mar. $1$

Cash

Bonds Payable

Premium on Bonds Payable

Attempts: $0$ of $1$ used