Monty Corp. issues $$1\mathrm{.}70$ million, $10-$year, $9\%$ bonds at $95,$ with interest payable each January $1.$

$($a$)$

Prepare the journal entry to record the sale of these bonds on January $1,2022.($Credit account titles are automatically indented when amount is entered. Do not indent manually.$)$

Date

Account Titles and Explanation

Debit

Credit

Jan.

$1$

$$

$$

List of Accounts

Attempts: unlimited

$($b$)$

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