26. Please answer below.

Bonds Payable Journal Entries; Effective Interest Amortization On December 31, 2011, Coffey Company issued $750,000 of 15-year, 10% bonds payable for $854,870, yielding an effective interest rate of 8%. Interest is payable semiannually on June 30 and December 31. Prepare journal entries to reflect (a) the issuance of the bonds, (b) the semiannual interest payment and premium amortization (effective interest method) on June 30, 2012, and (c) the semiannual interest payment and premium amortization on December 31, 2012. Round amounts to the nearest dollar.

General Journal
Date	Description	Debit	Credit
a.)
Dec.31	AnswerCashPremium on Bonds PayableBonds PayableBond Interest Expense Correct 1.00 points out of 1.00	$Answer Correct 1.00 points out of 1.00	$Answer Correct 1.00 points out of 1.00
	AnswerCashPremium on Bonds PayableBonds PayableBond Interest Expense Correct 1.00 points out of 1.00	Answer Correct 1.00 points out of 1.00	Answer Correct 1.00 points out of 1.00
	Bonds Payable	Answer Correct 1.00 points out of 1.00	Answer Correct 1.00 points out of 1.00
	To record issuance of bonds.
b.)
Jun.30	AnswerCashPremium on Bonds PayableBonds PayableBond Interest Expense Correct 1.00 points out of 1.00	Answer Correct 1.00 points out of 1.00	Answer Correct 1.00 points out of 1.00
	Premium on Bonds Payable	Answer Correct 1.00 points out of 1.00	Answer Correct 1.00 points out of 1.00
	AnswerCashPremium on Bonds PayableBonds PayableBond Interest Expense Correct 1.00 points out of 1.00	Answer Correct 1.00 points out of 1.00	Answer Correct 1.00 points out of 1.00
	To record semiannual interest payment and premium amortization.
c.)
Dec.31	Bond Interest Expense	Answer Incorrect 0.00 points out of 1.00	Answer Correct 1.00 points out of 1.00
	AnswerCashPremium on Bonds PayableBonds PayableBond Interest Expense Correct 1.00 points out of 1.00	Answer Incorrect 0.00 points out of 1.00	Answer Correct 1.00 points out of 1.00
	AnswerCashPremium on Bonds PayableBonds PayableBond Interest Expense Correct 1.00 points out of 1.00	Answer Correct 1.00 points out of 1.00	Answer Correct 1.00 points out of 1.00
	To record semiannual interest payment and premium amortization.