Sunland Corporation issues $370,000 of bonds for $392,200. (a) Your Answer Correct Answer (Used) Your answer is correct. 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.) Account Titles and Explanation Debit Credit Cash Bonds Payable Premium on Bonds Payable 392200 370000 22200 Show how the bonds would be reported on the balance sheet at the date of issuance. (Enter account name only and do not provide descriptive information.) Sunland Corporation Balance Sheet (Partial) LA $ +A $