Current Attempt in Progress Sunland Limited issued $1,500,000 of 10 year, 5% bonds on January 1, 2021, when the market interest rate was 6%. Sunland received $1,388.425 when selling the bonds. Interest is payable semi-annually on July 1 and January 1. Sunland has a December 31 year end Your answer is correct Record the issue of the bonds on January 1, 2021. (Credit account titles are automatically Indented when the amount is entered. Do not indent manually. List ali debit entries before credit entries) Debit Credit Date Account Titles and Explanation Jan 1 Canti 1388425 Blonds Payable 1388425 e Textbook and Media (b) Record the payment of interest on July 1, 2021. (Round answers to decimal places, e.g. 5,275. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.) Debit Credit Date Account Titles and Explanation July 1