Question: CALCULATOR FULL SCREEN PRINTER VERSIea BACK Brief Exercise 10-17 Kingbird, Inc. issues $5.2 million, 10-year, 9% bonds at 103, with interest payable on January 1

CALCULATOR FULL SCREEN PRINTER VERSIea BACK Brief Exercise 10-17 Kingbird, Inc. issues $5.2 million, 10-year, 9% bonds at 103, with interest payable on January 1 . The straight- line method is used to amortize bond premium. Prepare the journal entry to record the sale of these bonds on January 1, 2017. (Credit account titles are automatically indented when amount is entered. Do not indent manually Date oceent Tieles and Explanatin Debit Credit Jan. 1 Prepare the journal entry to record interest expense and bond premium amortization on December 31, 2017, assuming no previous accrual of interest. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Credit Dec.3 Click if you would like to Show Work for this question ee Show Werk

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