Exercise 1-13 (Algo) Acquisition Using Debentures LO 1.5 Planter Corporation used debentures with a par value of $642,000 to acquire 100 percent of Sorden Company's net assets on January 1,20X2. On that date, the fair value of the bonds issued by Planter was $625,000. The following balance sheet data were reported by Sorden: Required: Prepare the journal entry that Planter jecorded at the time of exchange. Note: if no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Record the acquisition of Sorden Company's net assets. Note: Enter debits before credits