Sheridan Limited issued $4,500,000 of 10-year, 8% bonds on January 1, 2024, when the market interest rate was 9%. Sheridan received $4,207,309 when it issued these bonds. Interest is payable semi-annually on July 1 and January 1. Sheridan has a December 31 year end. 0 Your answer is partially correct. Record the issue of the bonds on January 1, 2024. (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 account titles and enter O for the amounts. List debit entry before credit entry.) Date Account Titles Debit Credit Jan. 1 Cash Bonds Payable 4207309