Sheridan Company issued $770,000,9%,10-year bonds on December 31,2021, for $700,000. Interest is payable annually on...

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Accounting

Sheridan Company issued $770,000,9%,10-year bonds on December 31,2021, for $700,000. Interest is payable annually on December 31. Sheridan Company uses the straight-line method to amortize bond premium or discount.
(a)
Prepare the journal entry to record the issuance of the bonds. (iredit ducount viles are cutomatically inderted when anount is entered. Do not indent manually.)
Date Account Titles and Explanation
Dec
31,
2021
Debit
Credit
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