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(5 points) On January 1, 2023, Sulu Co. issued $8,567,500, 5.5% bonds at a price of $8,787,208 (to yield 5%). The bonds pay interest semi-annually
(5 points) On January 1, 2023, Sulu Co. issued $8,567,500, 5.5% bonds at a price of $8,787,208 (to yield 5%). The bonds pay interest semi-annually on June 30th and December 31st and Sulu Co. uses the effective interest method of amortizing premiums and discounts. Which of the following will be included in the December 31, 2023 entry? (LE 4) O a debit to bond premium for $16,324 and a credit to cash for $235,606. O a credit to bond discount for $15,926 and a debit to interest expense for $219,282. O a debit to interest expense for $235,606 and a credit to cash for $16,324. O a debit to bond premium for $16,324 and a debit to interest expense for $219,282.
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