E$13\mathrm{.}4($LO $1)$ Entries for Bond Transactions$$Straight$-$Line

Celine Dion Company issued bonds on January $1,2025.$ Interest is payable semiannually on

July $1$ and January $1.$ Dion Company uses the straight$-$line method of amortization for bond

premium or discount. Pertinent information follows:

Instructions

Prepare the journal entries to record the following.

a$.$ The issuance of the bonds.

b$.$ The payment of interest and related amortization on July $1,2025.$

c$.$ The accrual of interest and the related amortization on December $31,2025.$

NOTE: Enter a formula, a cell reference, or a value $($if you are unable to reference a

cell$),$ into the yellow shaded input cells.