PROBLEM $21-1$B

During two consecutive years, Benson Corporation completed the following transactions:

Year $1$

Jan. $2$ Issued $$3,400,000$ face value, $10-$year, $8$ percent bonds, dated January $1$ of this year, at

$106.$ Interest is payable semiannually on June $30$ and December $31.$

Jun. $30$ Paid semiannual interest on the bonds.

Dec. $31$ Paid semiannual interest on the bonds.

Dec. $31$ Recorded an adjusting entry for amortization of premium on bonds.

Dec. $31$ Closed the Interest Expense account.

Year $2$

Jun. $30$ Paid semiannual interest on the bonds.

Dec. $31$ Paid semiannual interest on the bonds.

Dec. $31$ Recorded an adjusting entry for amortization of premium on bonds.

Dec. $31$ Closed the Interest Expense account.

Required: Record the transactions in general journal form.