* 1 10% 10:19 AM O final - Read-only o R2 KS Sign in to edit and save changes to ... D) indicate that inventory was being turned over more times than it actually was SHORT ANSWER. Write the word or phrase that best completes each statement or answers the question . 21) 21) On April 1, 2014, Burton Corporation issued $3,000,000 of 8%, 10-year bonds dated April 1, 2014, with interest payments made each October 1 and April 1. The bonds are issued at 98. Burton Corporation amortizes any premium or discount using the straight-line method a) Prepare the journal entry on April 1, 2014, to issue the bonds. b) Prepare the journal entry on October 1, 2014, to record the payment interest and the amortization of any discount or premium. Prepare the journal entry on December 31, 2014, to record accrued interest and the amortization of any premium or discount. 22) The Fisher Corporation engaged in the following transactions during 2014. Fisher uses a perpetual inwenton 22)