Question: Using the data given above, give the adjusting entry that would be made by Star Inc. on December 31, 2016, to record accrued interest and

Using the data given above, give the adjusting entry that would be made by Star Inc. on December 31, 2016, to record accrued interest and to amortize the premium.
Star Inc. was authorized to issue $1,000,000 of 12 percent bonds. On April 1, 2016, the issued bonds with a of $200,000 at a price of 102.0. The bonds mature 10 years from the date of issue. Interest is payable semiannually on October 1 and April 1.
Star Inc. was authorized to issue $1,000,000 of 12 percent bonds. On April 1, 2016, the issued bonds with a of $200,000 at a price of 102.0. The bonds mature 10 years from the date of issue. Interest is payable semiannually on October 1 and April 1.

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