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Sunland Corporation issues 5600,10 vear, 10%,$1000 bonds dated January 1,2027 , at 101 . The journal entry to record the issuance will include a credit

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Sunland Corporation issues 5600,10 vear, 10%,$1000 bonds dated January 1,2027 , at 101 . The journal entry to record the issuance will include a credit to Premium on Bonds Payable for $56000 credit to Bonds Payable for $611200. credit to Cash for $5656000. debit to Cash of $5600000

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