Exercise 15-16 (Part Level Submission) Company uses Gridley Company issued $760,000, 8%, 10-year bonds on December 31, 2016, for $690,000. Interest is payable annually on December 31. Gridley the straight-line method to amortize bond premium or discount. (a) Your answer is correct. Prepare the journal entry to record the issuance of the bonds. (Credit account titles are automatically in when amount is entered. Do not indent Account Titles and Explanation Date Cash L 690,000 Dec. 31, 201 200,000 Bond Payable Slow ANSWER Show LIST OF ACCOUNTS