Aggies Inc. issued bonds with a $700,000 face value, 12% interest rate, and a 4-year term on July 1, 2018, and received $750,000. Interest is payable semi-annually. The premium is amortized using the straight-line method.

A.	July 1, 2018: entry to record issuing the bonds
B.	Dec. 31, 2018: entry to record payment of interest to bondholders
C.	Dec. 31, 2018: entry to record amortization of premium

Prepare journal entries for the above transactions. If an amount box does not require an entry, leave it blank.

A.	Cash
	Bonds Payable
	Premium on Bonds Payable
B.	Interest Expense
	Cash
C.	Premium on Bonds Payable
	Interest Expense	fill in the blank	fill in the blank