Exercise 15-16 (Part Level submission) Gridley Company issued $760,000, 8%, 10-year bonds on December 31, 2016, for $690,000. Interest is payable annually on December 31. Gridley Company uses the straight-line method to amortize bond premium or discount. Your answer is correct. prepare the journal entry to record the issuance of the bonds. (credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Credit Dec. 31, 201 Cash 600,000 Bonds payable NT 760,000 SHOW ANSWER SHOW LIST OF ACCOUNTS LINK TO TEXT