The balance sheet for Sunland Company reports the following information on July 1, 2025. SUNLAND COMPANY Balance Sheet (partial) Long-term liabilities Bonds payable Less: Discount on bonds payable July 1 $3,900,000 87,750 Sunland decides to redeem these bonds at 105 after paying annual interest. Prepare the journal entry to record the redemption on July 1, 2025. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation JUL $3,812,250 Debit Credit

The balance sheet for Sunland Company reports the following information on July 1, 2025. Sunland decides to redeem these bonds at 105 after paying annual interest. Prepare the journal entry to record the redemption on July 1, 2025. (List all debit entries before credit entries. Credit occount titles are outomatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount titles and enter O for the amounts.)