Riot Company issued $394,000, 15-year, 6% bonds at 97.Prepare the journal entry to record the sale of these bonds on January 1, 2014. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)
Suppose the remaining Discount on Bonds Payable was $7,092 on December 31, 2019. Show the balance sheet presentation on this date.