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Problem 15-2A Kershaw Electric sold $4,055,000, 10%, 10-year bonds on January 1, 2017, The bonds were dated January 1, 2017, and paid interest on January

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Problem 15-2A Kershaw Electric sold $4,055,000, 10%, 10-year bonds on January 1, 2017, The bonds were dated January 1, 2017, and paid interest on January 1. The bonds were sold at 96. Prepare the journal entry to record the issuance of the bonds on January 1, 2017. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 1, 2017 Cash Bonds Payable Premlum on Bonds Payable SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT

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