Sunland Company issued $690,000, 10-year, 4% bonds at 103. (a) Prepare the journal entry to record the sale of these bonds on January 1, 2022. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 1 e Textbook and Media List of Accounts Save for Later Attempts: 0 of 3 used Submit Answer Your answer is partially correct. Suppose the remaining Premium on Bonds Payable was $12,420 on December 31, 2025. Show the balance sheet presentation on this date. SUNLAND COMPANY Balance Sheet (Partial) December 31, 2025 Current Liabilities Bonds Payable $ 690000 Add : Premium on Bonds Payable 20700 $