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Sheridan Inc. issues $285,000 of 10 -year, 8% bonds at 98 . Prepare the journal entry to record the sale of these bonds on March

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Sheridan Inc. issues $285,000 of 10 -year, 8% bonds at 98 . Prepare the journal entry to record the sale of these bonds on March 1 . 2024. (List debit entry before credit entry. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount titles and enter O for the amounts.)

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