Pharoah Company issues $1,000,000, 10-year, 10% bonds at 94, with interest payable each January 1. (a) Prepare the journal entry to record the sale of these bonds on January 1, 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Jan. 1 eTextbook and Media List of Accounts MacBook Pro Debit Credit Assistance Used Assistance Used

Pharoah Company issues $1,000,000,10-year, 10% bonds at 94 , with interest payable each January 1. (a) Prepare the journal entry to record the sale of these bonds on January 1, 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)