DD P14-6 (Issuance of Bonds between Interest Dates, Straight-Line, Retirement Presented below are selected transactions on the books of Simonson Corporation. May 1, 2012 Dec. 31 Jan 1, 2013 April 1 Dec.31 Bonds payable with a par value of $900,000, which are dated January 1, 2012, are sold at 106 plus accrued interest. They are coupon bonds, bear interest at 12% (payable annually at January 1), and mature January 1, 2022. (Use interest expense account for accrued interest.) Adjusting entries are made to record the accrued interest on the bonds, and the amortiza- tion of the proper amount of premium. (Use straight-line amortization.) Interest on the bonds is paid. Bonds with par value of $360,000 are called at 102 plus accrued interest, and retired. (Bond premium is to be amortized only at the end of each year.) Adjusting entries are made to record the accrued interest on the bonds, and the proper amount of premium amortized. Instructions Prepare journal entries for the transactions above.

0 P11-6 (Issuance of Bonds between Interest Dates, Straight-Line, Retirement) Premented below are D stected transaction on the books of Simonsen Corporation. May 1,2012 Bonds payable with a par value of $000,000, which are dated lanuary 1,2012 , ase sold at 106 plus accrued interest. They ame coupon bonds, bear interest at 12% (payable anmually at January 1), and mature January 1,2022. (Use interst expense account for accrued interest.) De: 31 Adjusting entries atu made to rocerd the iccrued fiterest on the bonds, and the anortization of the proper amount of premium. (Use straght-line amortization) Jan 1,2013 Interest on the bonds is parid. April 1 Bonds with par value of $360,000 are called at 102 plus accrued intersat, and retired. (Bond) premium is to be amortized only at the end of each year.) De: 31 Adjusting entries are made to record the accrued interest on the bonds, and the proper amount of premium anor tized Instructions Propare journal entries for the transactions above