Kingbird, Inc. issues $261,000, 10-year, 8% bonds at 98. Prepare the journal entry to record the sale of these bonds on March 1, 2025. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Mar. 1 Account Titles and Explanation Cash Premium on Bonds Payable Bonds Payable eTextbook and Media Debit 261,000 Credit 34,620 295,260

Kingbird, Inc, issues $261,000,10-year, 8% bonds at 98 . Prepare the journal entry to record the sale of these bonds on March 1,2025. (List all debit entries before credit entries. Credit occount titles are automatically indented when amount is entered. Do not indent manuolly. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)