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A B C D E F G 51 Adler Company issued $700,000, 5%, 20 years bonds at 101 on April 30, 2023. 152 Interest is
A B C D E F G 51 Adler Company issued $700,000, 5%, 20 years bonds at 101 on April 30, 2023. 152 Interest is payable on October 31 and April 30 of each year. 153 154 Prepare the entry to for April 30, 2023: DR CR 155 156 157 4/30/23 Cash Premium Bond Payable 158 159 Prepare the entry to pay interest on October 31 and amortize the premium: 10/31/23 intrest expense 160 161 162 163 164 165 intrest payable premium Interest Expense + 166 Prepare the entry to accrue interest on December 31, 2023 and amortize the premium: 12/31/23 intrest expense 167 168 169 170 171 172 intrest payable Premium intrest expense 173 Prepare the entry to pay interest and amortize the premium at April 30, 2024: 4/30/24 Interest Payable intrest expense 174 175 176 Cash 177 178 Premium
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