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(5 points) On January 1, 2021, Rhododen issued $18,997,500,5.5% bonds at a price of $19,484,680 (to yield 5%). The bonds pay interest semi-annually on June
(5 points) On January 1, 2021, Rhododen issued $18,997,500,5.5% bonds at a price of $19,484,680 (to yield 5%). The bonds pay interest semi-annually on June 30th and December 31st and Rhododen uses the effective interest method of amortizing premiums and discounts. Which of the following will be included in the December 31, 2021 entry? (LE 4) a debit to bond premium for $36,197 and a credit to cash for $522,431. a credit to bond discount for $35,314 and a debit to interest expense for $486,234. a debit to bond premium for $36,197 and a debit to interest expense for $486,234. O a debit to interest expense for $522,431 and a credit to cash for $36,197
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