Prepare the journal entry to record the sale of these bonds on January 1, 2017. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Jan. 1 Cash Debit 446500 Discount on Bonds Payable 23500 Bonds Payable 470000 SHOW LIST OF ACCOUNTS LINK TO TEXT VIDEO: APPLIED SKILLS VIDEO: SIMILAR EXERCISE Suppose the remaining Premium on Bonds Payable was $14,100 on December 31, 2020. Show the balance she presentation on this date. SUNLAND COMPANY Balance Sheet (Partlal) For the Year Ended December 31, 2020 Long-term Liabilities 470000 Bonds Payable Add Premium on Bonds Payable Prepare the journal entry to record the sale of these bonds on January 1, 2017. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Jan. 1 Cash Debit 446500 Discount on Bonds Payable 23500 Bonds Payable 470000 SHOW LIST OF ACCOUNTS LINK TO TEXT VIDEO: APPLIED SKILLS VIDEO: SIMILAR EXERCISE Suppose the remaining Premium on Bonds Payable was $14,100 on December 31, 2020. Show the balance she presentation on this date. SUNLAND COMPANY Balance Sheet (Partlal) For the Year Ended December 31, 2020 Long-term Liabilities 470000 Bonds Payable Add Premium on Bonds Payable