Straight-Line Amortization of Bond Premiums The company purchased $65,000, 10%, three-year bonds for $68,407.39. Interest on the

Question:

Straight-Line Amortization of Bond Premiums The company purchased $65,000, 10%, three-year bonds for $68,407.39. Interest on the bonds is payable semiannually. Using straight-line amortization of the bond premiums, make the necessary journal entry(ies) to be made at each interest payment date to record the semiannual interest payment.

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