Sunland Company issues $3.90 million, 10-year, 5% bonds at 99 with interest payable on December 31. The straight-line method is used to amortize bond discount. Part 1 Prepare the journal entry to record the sale of these bonds on January 1, 2017. (Credit occount titles are automatically indented when amount is entered. Do not indent manually) Date Account Titles and Explanation Credit Jan. 1 Debit List of Accounts