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Exercise 10-10 Sheridan Company issued $460,000, 10-year, 5% bonds at 105. Prepare the journal entry to record the sale of these bonds on January 1,

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Exercise 10-10 Sheridan Company issued $460,000, 10-year, 5% bonds at 105. Prepare the journal entry to record the sale of these bonds on January 1, 2017. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Jan. 1 Debit Credit SHOW LIST OF ACCOUNTS LINK TO TEXT VIDEO: APPLIED SKILLSVIDEO: SIMILAR EXERCISE Suppose the remaining Premium on Bonds Payable was $13,800 on December 31, 2020. Show the balance sheet presentation on this date. SHERIDAN COMPANY Balance Sheet (Partial)

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