On May $1,2022,$ Sheridan Corp. issued $$680,000,9\%,5-$year bonds at face value. The bonds were dated May $1,2022,$ and pay interest

annually on May $1.$ Financial statements are prepared annually on December $31.$

$($a$)$

Prepare the journal entry to record the issuance of the bonds. $($Credit account titles are automatically indented when amount is

entered. Do not indent manually.$)$