(b)

Prepare a bond premium amortization schedule for the first 4 interest periods.

Annual Interest Periods	Interest to be Paid	Interest Expense to be Recorded	Premium Amortization	Unamortized Premium	Bond Carrying Value
Issue Date				$	$
1	$	$	$
2
3
4

Show Attempt History Current Attempt in Progress Blossom Electric sold $3,800,000, 8%, 10-year bonds on January 1, 2022. The bonds were dated January 1 and pay interest annually on January 1. Blossom Electric uses the straight-line method to amortize bond premium or discount. The bonds were sold at 103. (a) Your answer is correct Prepare the journal entry to record the issuance of the bonds on January 1, 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 1 2022 Cash 3914000 Premium on Bonds Payable 114000 Bonds Payable 3800000 cTextbook and Media List of Accounts Attempts: 3 of 5 used (b) Prepare a bond premium amortization schedule for the first 4 interest periods. Interest Expense to Be Recorded Premium Amortization Unamortized Premium Bond Carrying Value $ 3800000 $