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 (a) Your answer has been saved. See score details after the due date. Prepare the journal entry for the issuance assuming the bonds are issued at 97. (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 Debit Credit Cash 659600 Your answer has been saved. See score details after the due date. Prepare the journal entry for the issuance assuming the bonds are issued at 97. (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 Cash Discount on Bonds Payable Bonds Payable Debit 659600 20400 Credit 680000 (b) 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 Debit Credit