On January $1,2025,$ Sheridan Company issued bonds with a face value of $$680,000.$ The bonds carry a stated interest of $7\%$ payable each January $1.$

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Prepare the journal entry for the issuance assuming the bonds are issued at $102.($Credit account titles are automatically indented when the 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. List all debit entries before credit entries.$)$

Account Titles and Explanation

Credit Debit