Sheridan Company issued $525,000, 15-year, 7% bonds at 96. Your answer is partially correct. Try again. 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 2 Jan. 1 Cash Discount on Bonds Payable Bonds Payable Suppose the remaining Discount on Bonds Payable was $12,600 on December 31, 2027. Show the balance sheet presentation on this date. SHERIDAN COMPANY Balance Sheet (Partial) December 31, 2027 Current Liabilities Less Ivanhoe Company issued $650,000, 10-year, 7% bonds at 103. 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.) Debit Credit Date Account Titles and Explanation Jan. 1 SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO VIDEO Suppose the remaining Premium on Bonds Payable was $11,700 on December 31, 2025. Show the balance sheet presentation on this date. IVANHOE COMPANY Balance Sheet (Partial) December 31, 2025 Less