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Sunland Company issued $570,000, 10-year, 7 % bonds at 103. Prepare the journal entry to record the sale of these bonds on January 1, 2022.

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Sunland Company issued $570,000, 10-year, 7 % bonds at 103. Prepare the journal entry to record the sale of these bonds on January 1, 2022. (Credit account titles are automa tica lly indented when the manually.) Credit Date Account Titles and Explanation Debit Jan. 1 Suppose the remaining Premium on Bonds Payable was $10,260 on December 31, 2025. Show the balance sheet presentation on this date. SUNLAND COMPANY Balance Sheet (Partial) Open Show Work Click if you would like to Show Work for this

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