DATE 1 Jan. 1 Cash 2 Premium on Bonds Payable 3 Bonds Payable DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY 1,008,960.00 58,960.00 950,000.00 4 Jun. 30 Interest Expense 18,427.00 5 Premium on Bonds Payable 2,948.00 6 Cash 21,375.00 7 JUL 1 Cash 1,729,164.00 8 Discount on Bonds Payable 70,836.00 9 Bonds Payable 1,800,000.00 10 Oct. 1 Cash 1,100,000.00 11 Notes Payable 1,100,000.00 12 Dec. 31 Interest Expense 18,427.00 13 Premium on Bonds Payable 2,948.00 14 Cash 21,375.00 15 31 Interest Expense 16,500.00 16 Interest Payable 16,500.00 17 31 Interest Expense 37,403.00 + 13 Discount on Bonds Payable 5,903.00 19 Cash 31,500.00 20 31 Income Summary 90,757.00