> 1 On December 31 Spearmint, Inc., issued $450,000 of 9 percent, 3-year bonds for cash...

 

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> 1 On December 31 Spearmint, Inc., issued $450,000 of 9 percent, 3-year bonds for cash of $461,795. After recording the related entry, Bonds Payable had a balance of $450,000 and Premium on Bonds Payable had $11,795. Spearmint uses the straight-line bond amortization method. The first Note: Enter debits before credits. balance of Date June 30 General Journal Debit Credit Record entry Clear entry View general journal > 1 On December 31 Spearmint, Inc., issued $450,000 of 9 percent, 3-year bonds for cash of $461,795. After recording the related entry, Bonds Payable had a balance of $450,000 and Premium on Bonds Payable had $11,795. Spearmint uses the straight-line bond amortization method. The first Note: Enter debits before credits. balance of Date June 30 General Journal Debit Credit Record entry Clear entry View general journal