Question: I'm having trouble with amortization Question 4 View Policies Current Attempt in Progress Sandhill Co. issued $463,500, 7 % , 15- year bonds on December

 I'm having trouble with amortization Question 4 View Policies Current Attempt

I'm having trouble with amortization

Question 4 View Policies Current Attempt in Progress Sandhill Co. issued $463,500, 7 % , 15- year bonds on December 31, 2016, for $444,960, Interest is payable annually on December 31. Sandhill uses the straight-line method to amortize bond premium or discount. Prepare the journal entries to record the following events. (Credit account titles are automatically indented when amount is entered. Do nor indent manually) la) The issuance of the bonds (bl, The payment of interest and the discount amortization on December 31, 2017 (c The redemption of the bonds at maturity, assuming interest for the last interest period has been paid and recorded Credit Debit Account Titles and Explanation No. Date 444960 la)- Dec. 31, 2016 Cash 18540 Discount on Bonds Payable 463500 Bonds Payable Interest Expense bi Dec. 31. 2017 interest Payable 4d0

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