39 D E E10-18A Credit B 1 (a) Prepare the journal entries to record the bond transactions at 102 2 3 4 Sayers Company 5 General Journal 6 7 Date Account Titles Debit 8 9 1/1/Year 1 10 11 12 13 6/30/Year 1 14 15 16 17 12/31/Year 1 18 19 20 21 6/30/Year 2 22 23 24 12/31/Year 2 28 29 E10-10A E10-18A (102 and 98) Debit Credit 28 29 30 (b) Repeat the process, using 98 31 32 33 Sayers Company 34 General Journal 35 36 Date Account Titles 37 38 1/1/Year 1 39 40 41 42 6/30/Year 1 43 44 45 46 12/31/Year 1 47 48 49 50 6/30/Year 2 61 52 53 54 12/31/Year 2 55 56 E10-16A E10-18A (@102 and @98) LO 10-5 Exercise 10-18A Straight-line amortization for bonds issued at a premium On January 1, 2016, Sayers Company issued $280,000 of five-year, 6 percent bonds at 102. Inter- est is payable semiannually on June 30 and December 31. The premium is amortized using the straight-line method Required Prepare the journal entries to record the bond transactions for 2016 and 2017