Question: Help Problem 21-2A Objective: To record bond transactions with interest adjustments Shelly Corporation completed the following bond-related transactions duri 20X2 Apr. 1 Issued $3,000,000 of

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Problem 21-2A Objective: To record bond transactions with interest adjustments Shelly Corporation completed the following bond-related transactions duri 20X2 Apr. 1 Issued $3,000,000 of 20-year, 5% bonds, dated April 1, 20X2, a ization20X3: Interest is payable semiannually on October 1 and April 1. Oct. 1 Paid the semiannual interest. Premium amortization is only recordedi Dec. 31 Recorded the adjusting entry for accrued bond interest expense. s only recorded at year-end.) 31 Recorded the amortization of the bond premium. 31 Closed the Interest Expense account. 20x3 Apr. Oct. 1 Paid the semiannual interest. 1 Paid the semiannual interest. Dec. 31 Recorded the adjusting entry for accrued bond interest expense 31 Recorded the amortization of the bond premium. 31 Closed the Interest Expense account. Directions: Record the transactions in general journal form

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