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-/1.4 Question 2 of 4 View Policies Current Attempt in Progress Marin Inc. issues $4.3 million, 5-year 9% bonds at 102, with interest payable on
-/1.4 Question 2 of 4 View Policies Current Attempt in Progress Marin Inc. issues $4.3 million, 5-year 9% bonds at 102, with interest payable on January 1. The straight-line method is used to amortize bond premium Prepare the journal entry to record the sale of these bonds on January 1, 2022. (Credit account titles are automatically Indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Cash Jan. 1 4386000 Bonds Payable 4300000 Premium on Bonds Payable 86000 Prepare the journal entry to record interest expense and bond premium amortization on December 31, 2022, assuming no previous accrual of interest. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Debit Credit Date Dec. 31 Account Titles and Explanation Interest Expense
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