Question: Refer to the information in E10 9 and assume Grocery Corporation

Refer to the information in E10-9 and assume Grocery Corporation uses the straight-line method to amortize the bond premium.
Info E10-9
Required:
1. Prepare the journal entry to record the bond issuance.
2. Prepare the journal entry to record the first interest payment on December 31.

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  • CreatedNovember 02, 2015
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