Refer to the amortization schedule prepared in Problem 15-3B. Assume a January 31 year-end.
Record the following entries:
a. Issuance of the bonds on September 1, 2017,
b. Adjusting entry to accrue bond interest and premium amortization on January 31, 2015,
c. Payment of interest on March 1, 2015.
Show how the bond will appear on the balance sheet under long-term liabilities at January 31, 2017.