Nasreen Company issues $2,000,000, 10-year, 8% bonds at 97, with interest payable each January 1. Assuming instead that the above bonds sold for 104, prepare the journal entry to record the sale of...

Nasreen Company issues $2,000,000, 10-year, 8% bonds at 97, with interest payable each January 1.

Assuming instead that the above bonds sold for 104, prepare the journal entry to record the sale of these bonds on January 1, 2020.

what is the account title or explanation ?

what is debit or credited ?