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Sandhill Company has issued three different bonds during 2022. Interest is payable annually on each of these bonds. 1. On January 1, 2022, 1,600, 6%,

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Sandhill Company has issued three different bonds during 2022. Interest is payable annually on each of these bonds. 1. On January 1, 2022, 1,600, 6\%, 5-year, $1,000 bonds dated January 1,2022 , were issued at face value. 2. On July 1,$800,000,7%,5-year bonds dated July 1,2022 , were issued at 101. 3. On September 1, $275,000,5%,5year bonds dated September 1, 2022, were issued at 98. Prepare the journal entries to record each bond transaction at the date of issuance. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Bonds Payable 1600000 July 1v Cash \begin{tabular}{||c|} \hline 80800000 \\ \hline \hline \end{tabular} Bonds Payable 800000 Premium on Bonds Payable \begin{tabular}{|l|} \hline 80000000 \\ \hline \hline \end{tabular} Sept. 1 Cash \begin{tabular}{||} \hline 26950000 \\ \hline \hline \end{tabular} Discount on Bonds Payable 26675000 Bonds Payable 275000

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