Question 23 View Police Current Attempt in Progress Cullumber Company issued $530.000, 10-year 4 bonds at 104 Part 1 Prepare the journal entry to record the sale of these bords on January 1, 2017. (Credit account titles are automatically indented when the amount is entered. Do not indent manually Date Account Titles and Explanation Debit Credit Jan 1 Part 2 Suppose the remaining Premium on Bonds Payable was $12.720 on December 31, 2020. Show the balance sheet presentation on this date. CULLUMBER COMPANY Balance Sheet (Partial For the Morth Ended December 31, 2020 December 31, 2020 For the Year Ended December 31, 2020 Part 2 Suppose the remaining Premium on Bonds Payable was $12.720 on December 31, 2020. Show the balance sheet presentation on this date. CULLUMBER COMPANY Balance Sheet (Partial counts Save for Later List of Accounts Accounts Payable Accounts Receivable Accumulated Depreciation-Equipment Accrued Pension Liability Bonds Payable Buildings Cash Common Stock Cost of Goods Sold Current Portion of Long-Term Debt Depreciation Expense Discount on Bonds Payable Dividends Equipment Federal Income Taxes Payable Federal Unemployment Taxes Payable FICA Taxes Payable Gain on Bond Redemption Income Tax Expense Income Taxes Payable Insurance Expense Interest Expense Interest Payable Inventory Land Loss on Bond Redemption Mortgage Payable No Entry Notes Payable Other Operating Expenses Payroll Tax Expense Premium on Bonds Payable Prepaid Insurance Property Taxes Payable Retained Earnings Salaries and Wages Expense Salaries and Wages Payable Sales Revenue Sales Taxes Payable Service Revenue Share Premium-Conversion Equity State Income Taxes Payable State Unemployment Taxes Payable Subscription Revenue Ticket Revenue Unearned Rent Revenue Unearned Sales Revenue Unearned Service Revenue Unearned Subscription Revenue Unearned Ticket Revenue