Brief Exercise 9-54 Debt Issued at a Premium (Straight Line) On December 31, 2013, Solomon Crafts issued 60,000 8-year bonds with $1,000 face value. External markets value the bonds at $630,000 more than face value. The stated rate of interest on Solomon's bonds is 5%, and interest is paid annually on December 31. Required: Prepare the necessary journal entry on December 31, 2015, assuming the straight-line method is followed. Brief Exercise 9-55 Debt Issued at a Premium (Straight Line) Use the information from Brief Exercise 9-54. Required: Prepare the amortization table for Solomon's bonds