Sandhill Co$.$ sold $$5,600,000,7\%,15-$year bonds on January $1,2025.$ The bonds were dated January $1,2025,$ and pay interest on

December $31.$ The bonds were sold at $97.$

Prepare the journal entry to record the issuance of the bonds on January $1,2025.($List all debit entries before credit entries. Credit

account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the

account titles and enter $0$ for the amounts.$)$

Date

Account Titles and Explanation

Debit

Credit

Jan. $1,2025$

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List of Accounts

At December $31,2025,$ $$11,200$ of the bond discount had been amortized. Show the long$-$term liability balance sheet

presentation of the bond liability at December $31,2025.$

SANDHILL CO$.$

Balance Sheet $($Partial$)$