Sunland Company issued $580,000, 6%, 20-year bonds on January 1, 2022, at 103. Interest is payable annually on January 1. Sunland uses straight-line amortization for bond premium or discount. (a) Prepare the journal entry to record the issuance of the bonds. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Jan. 1, 2022 Debit Credit

Sunland Company issued $580,000,6%,20-year bonds on January 1,2022 , at 103, Interest is payable annually on January 1 . Sunland uses straight-line amortization for bond premium or discount. (a) Prepare the journal entry to record the issuance of the bonds. (Credit account titles are automotically indented when amount is entered. Do not indent monually.)