Sheridan Compary sold $5,300,000,7%,15-year bonds on January 1, 2025. The bands were dated Jaruary 1,2025 , and pay interest on December 31 . The bands were sold at 97 . Prepare the joumal 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 Jan. 1, 2025 Discount an Bonds Payable eTextbook and Media At December 31, 2025, \$10,600 of the band discount had been amartized. Show the long-term lisbility balance sheet presertation of the band liability at December 31, 2025. SHERIDAN COMPANY Balance sheet (Partial) 5 ] At January 1, 2027, when the carrying value of the bonds was $5,162,200, the company redeemed the bonds at 101. Record the redemption of the bands assuming that interest for the year had already been poid. (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 tites and enter 0 for the amounts.)