Nasreen Company issues $1.40 million, 10-year, 7% bonds at 97, with interest payable each January 1.

Brief Exercise 10-10 97, with interest payable each January 1 Nasreen Company issues $1.40 million, 10-year, 7% bonds Prepare the journal entry to record the sale of these bonds on January 1, 2017. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Debit Credit Date Account Titles and Explanation Jan. 1 SHOW LIST OF ACCOUNTS Assuming instead that the above bonds sold for 104, prepare the journal entry amount is entered. Do not indent manually.) record the sale of these bonds on January 1, 2017. (Credit account titles are automatically indented when Date Account Titles and Explanation Debit Credit Jan. 1