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On January 1, 2024, Sunland Ltd. issued $545,000 of 5%,5-year bonds. The bonds were issued to yield a market interest rate of 6%. Sunland's year

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On January 1, 2024, Sunland Ltd. issued $545,000 of 5%,5-year bonds. The bonds were issued to yield a market interest rate of 6%. Sunland's year end is December 31. On January 1, 2026, immediately after making and recording the semi-annual interest payment, Sunland redeemed the bonds. A partial bond amortization schedule is presented below. Prepare the journal entry to record the payment of interest on July 1, 2024. (List all debit entries before credit entries. 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.) The parts of this question must be completed in order. This part will be available when you complete the part above. Question Part Score (c) The parts of this question must be completed in order. This part will be wallable when you conplete the part above: Question Part Score (d) The parts of this question must bo completed in order. This part will be avallable when you complote the parf above: Question Part Score

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