Sunland Company has issued three different bonds during 2021. Interest is payable annually on each of these bonds. (a) Your answer is correct. On January 1, 2021, Sunland issued 750, 7%, 5-year, $1,000 bonds dated January 1, 2021, at face value. Prepare the journal entry to record the bond transaction at the date of issue. (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 0 for the amounts.) Date Account Titles and Explanation Debit Credit Jan. 1 Cash 750000 Bonds Payable 750000 (To record issuance of bonds.) (b) Your answer is partially correct. On July 1, Sunland issued $1,210,000 of 6%, 5-year bonds dated July 1, 2021, at 103. Prepare the journal entry to record the bond transaction at the date of issue. (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.) Date Account Titles and Explanation Debit Credit July 1 Cash Bonds Payable (To record issuance of bonds.) e Textbook and Media Save for Later Attempts: 2 of 15 used Submit