Current Attempt in Progress The balance sheet for Sunland Consulting reports the following information on July 1, 2022. Long-term liabilities Bonds payable $2,200,000 Less: Discount on bonds payable 110,000 $2,090,000 Sunland decides to redeem these bonds at 105 after paying annual interest. Prepare the journal entry to record the redemption on July 1, 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Prepare the journal entry to record the redemption on July 1, 2022. (Credit account titles are automatically Indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation July 1 eTextbook and Media Save for Later Debit Credit Attempts: 0 of 3 used Submit