Prepare the journal entry to record the sale of these bonds on January 1, 2020

Brief Exercise 15-03 a-c (Part Level Submission) Cullumber Corporation issued 2,200, 7%, 5-year, $1,000 bonds dated January 1, 2020, at 100. Interest is paid each January 1. (a) Prepare the journal entry to record the sale of these bonds on January 1, 2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Janaury 1, 2020