Question

On January 1, 2016, Sayers Company issued $280,000 of five-year, 6 percent bonds at 102. Interest is payable semiannually on June 30 and December 31. The premium is amortized using the straight-line method.
Required
Prepare the journal entries to record the bond transactions for 2016 and 2017.


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  • CreatedApril 20, 2015
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