Sheffield Corp. issues $2.80 million, 10-year, 9% bonds at 97, with interest payable each January 1.

Prepare the journal entry to record the sale of these bonds on January 1, 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Sheffield Corp. issues $2.80 million, 10-year, 9% bonds at 97, with interest payable each January 1. (a) Your answer is partially correct. Prepare the journal entry to record the sale of these bonds on January 1, 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) t Titles and Explanation Debit Credit ] int on Bonds Payable Payable e Textbook and Media List of Accounts Save for Later Attempts: 2 of 3 used Submit