Sandhill Company issues $300,000, 20-year, 7% bonds at 102. Prepare the journal entry to record...
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Sandhill Company issues $300,000, 20-year, 7% bonds at 102. Prepare the journal entry to record the sale of these bonds on June 1, 2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit June 1 Cash Bonds Payable Premium on Bonds Payable
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