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Nasreen Company issues $2,000,000, 10-year, 8% bonds at 97, with interest payable each January 1. Prepare the journal entry to record the sale of these

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Nasreen Company issues $2,000,000, 10-year, 8% bonds at 97, with interest payable each January 1. Prepare the journal entry to record the sale of these bonds on January 1, 2020. (Credit account titles are automatically indented when amount is ente not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 1 SHOW LIST OF ACCOUNTS LINK TO TEXT Assuming Instead that the above bonds sold for 104, prepare the journal entry to record the sale of these bonds on January 1, 2020. (Credit account titles automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 1

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