Question: Issue bond between interest dates 10 points 2 journal entries 5/1/2022 Niebur Corp. issues bonds payable between interest dates The bonds are dated January 1

Issue bond between interest dates 10 points 2 journal entries 5/1/2022 Niebur Corp. issues bonds payable between interest dates The bonds are dated January 1 2022 5 year bonds Face value of bonds 500,000 Stated interest rate 6% The bonds were issued at 1.01 Interest payment dates June 30 December 31 The company uses the straight line method to amortize the premium.

INSTRUCTIONS: Prepare the journal entry to record the issuance of the bonds. Prepare the journal entry for the first interest payment.

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