Problem 10-8A Sarasota Corporation sold $2,750,000, 6%, 5-year bonds on January 1, 2017. The bonds were dated January 1, 2017, and pay interest on January 1. Sarasota Corporation uses the straight-line method to amortize bond premium or discount. Prepare all the necessary journal entries to record the issuance of the bonds and bond interest expense for 2017, assuming that the bonds sold at 102. (credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 1 Dec. 31 SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT LINK TO TEXT Prepare journal entries to record the issuance of the bonds and bond interest expense for 2017, assuming that the bonds sold at 95. (credit account titles are automatically indented when amount is entered. Do not indent manually.) Debit Credit Date Account Titles and Explanation Jan. 1 Dec. 31