=+EX 14-7 Entries for issuing bonds and amortizing premium by straight-line method objs. 2, 3 Polders Corp.,
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=+EX 14-7 Entries for issuing bonds and amortizing premium by straight-line method objs. 2, 3 Polders Corp., a wholesaler of office equipment, issued $16,000,000 of 20-year, 11%
callable bonds on April 1, 2010, with interest payable on April 1 and October 1. The fiscal year of the company is the calendar year. Journalize the entries to record the following selected transactions:
2010 Apr. 1. Issued the bonds for cash at their face amount.
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