Question: A, and B Entries for issuling bonds and amortizing premium by straight-line method Smiley Corporation wholesales repair products to equipment manufacturers. On April 1, 20Y1,

A, and B

Entries for issuling bonds and amortizing premium by straight-line method Smiley Corporation wholesales repair products to equipment manufacturers. On April 1, 20Y1, 5 miley issued $7,300,000 of 5 -year, 11% bonds at a market (effective interest rate of 8%, recelving cash of 58,188,143. Interest is payable semiannually on April 1 and October 1

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