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Sunland Inc. issues $ 3 1 0 , 0 0 0 , 1 0 - year, 8 % bonds at 9 8 . Prepare the

Sunland Inc. issues $

310, 000, 10 -

year,

8 %

bonds at

98 .

Prepare the journal entry to record the sale of these bonds on March

1, 2027 . (

Credit account titles are automatically indented when amount is entered. Do not indent manually.

)

Date Account Titles and Explanation

Debit

Credit

Mar.

1

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