Sandhill Co. issued $540,000, 15-year, 7% bonds at 96. Your answer is correct. Prepare the journal entry to record the sale of these bonds on January 1, 2022. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 1 Cash 518400 Discount on Bonds Payable 21600 Bonds Payable 540000 e Textbook and Media List of Accounts Attempts: 1 of 10 used Suppose the remaining Discount on Bonds Payable was $12,960 on December 31, 2027. Show the balance sheet presentation on this date. SANDHILL CO. Balance Sheet (Partial) e Textbook and Media List of Accounts Save for Later Attempts: 0 of 10 used Submit Answer Assignment sent to Gradebook. Your grade is being recorded. Thu, Apr 16, 2020,2-47:48 PM (America/New York-0400) Previous