journalizing bonds

Project Description:

on june 30, 2011, arlington company issued $1,500,000 of 10-year, 8% bonds, dated june 30, for $1,540,000. present entries to record the following transactions:
1.)issuance of bonds.
2.)payment of first semiannual interest on december 31, 2011.
3.)amortization by straight-line method of bond premium on december 31, 2011.
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Price Type: Negotiable

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