Splish Brothers Inc. issues $1.10 million, 10-year, 8% bonds at 94, with interest payable on December 31. The straight-line method i used to amortize bond discount. (a) 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.)

Splish Brothers Inc issues $1.10 million, 10 year, 8% bonds at 94 , with interest payable on December 31 . The straight-line method used to amortize bond discount. (a) Prepare the journal entry to record the sale of these bonds on January 1, 2022. (Credit account titles are outomatically indented when amount is entered. Do not indent manually.)