Question 16 Cullumber Electric sold $4.68 million of 10%, 10-year bonds on January 1, 2021. The bonds were dated January 1, 2021, and paid interest on January 1. The bonds were sold at 94 (a) Prepare the fournal entry to record the issuance of the bonds on January 1, 2021. (Credile account eties are automatically Indented when the amount is entered. Do not Indent me If ne entry is required, select "No Entry" for the account titles and enter for the amounts.) Debit Credit Date Account Tities and Explanation Jan. 1. 2021 (To record issuance of bonds.) LINK TO TEXT LINK TO TEXT LINK TO TEXT By accessing this question Assistance, you will learn while you earn points based on the Point Potential policy set by your instructor