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fill the emptey boxes Problem 10-OSA Culumber Company sold 57,100,000,7%, 15-year bonds on January 1, 2022. The bonds were dated January 1, 2022, and pay

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fill the emptey boxes
Problem 10-OSA Culumber Company sold 57,100,000,7%, 15-year bonds on January 1, 2022. The bonds were dated January 1, 2022, and pay interest on December 31. The bonds were sold at 97. Prepare the journal entry to record the issuance of the bonds on January 1, 2022. (Credil account anties are automatically indented when amount is entered. Do not indent manually) Date Account Titles and Explanation Debit Credit 6887000 Discount on Bonds Payable 213000 Jan. 1 Cash Bonds Payable 7,100.000 At December 31, 2022. 50,000 of the band discount had been amortired. Show the forg-term ability balance sheet presentation of the bond labaty at December 31, 2022. CULLUMBER COMPANY Balance Sheet (Partial December 31, 2022 Long-term Liabilities Bonds Payable 7,100,000 Les Discount on Bonds Payable 205,000 6,095.000 At January 1, 2024, when the carrying value of the bonds was $6,958,000, the company redeemed the bonds 107. Record the redemption of the bonds assuming that interest for the year had already been paid. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Date Account Titles and Explanation Debut Credit 7.100.000 oson bond Redemption Discount on Bonds Payable

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