Brief Exercise 15-4 (Part Level Submission) Sunland Corporation issued $2.3 million

Brief Exercise 15-4 (Part Level Submission) Sunland Corporation issued $2.3 million of five-year, 9% bonds dated January 1, 2017, at 100. Interest is payable semi-annually on January 1 and July 1. Sunland has a December 31 year end.

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(a)
Prepare the journal entry to record the sale of these bonds on January 1, 2017. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Date
Account Titles and Explanation
Debit
Credit
Jan. 1

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(b)
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(c)
The parts of this question must be completed in order. This part will be available when you complete the part above.