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Help me to complete Sunland Company issued $470,000, 15-year, 8% bonds at 96. Prepare the journal entry to record the sale of these bonds on

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Sunland Company issued $470,000, 15-year, 8% bonds at 96. Prepare the journal entry to record the sale of these bonds on January 1, 2022. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) (a) Date Account Titles and Explanation Debit Credit Jan. 1 Cash 451,200 Discount on Bonds Payable 18,800 Bonds Payable 470,000 (b) Suppose the remaining Discount on Bonds Payable was $11,280 on December 31, 2027. Show the balance sheet presentation on this date. SUNLAND COMPANY Balance Sheet (Partial) For the Year Ended December 31, 2027 For the Month Ended December 31, 2027 December 31, 2027 $ Add LessSuppose the remaining Discount on Bonds Payable was $11,280 on December 31, 2027. Show the balance sheet presentation on this date. SUNLAND COMPANY Balance Sheet (Partial) Current Assets $ Current Liabilities Intangible Assets Long-term Investments Long-term Liabilities Property, Plant and Equipment Stockholders' Equity Total Assets Assistance Used Total Current Assets Total Current Liabilities Total Intangible Assets Total Liabilities Total Liabilities and Stockholders' Equity Total Long-term Investments Attempts: 0 of 10 used Submit Answer Total Long-term Liabilities Total Property, Plant and Equipment Total Stockholders' Equity

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