Question 1 Sunland Company sold $3,280,000, 10%, 10-year bonds on January 1, 2017, The bonds were dated January 1, 2017, and pay interest on January 1, The company uses straight-line amortization on bond premiums and discounts. Financial statements are prepared annually Prepare the journal entries to record the issuance of the bonds assuming they sold at: (1) 101 and (2) 96. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Date Account Titles and Explanation Debit Credit