E10-11 Recording Bond Issue and First Interest Payment with Premium (with Premium Account) LO10-3

Please answer all the questions in the pictures :)

E10-11 Recording Bond Issue and First Interest Payment with Premium (with Premium Account) LO10-3 On January 1 of this year, Bochini Corporation sold a $10 million, 8.25 percent bond issue. The bonds were also dated January 1, had a yield of 8 percent, pay interest each December 31, and mature 10 years from the date of issue. Use Table 9C1. Table 9C 2. Required: 1. Prepare the journal entry to record the issuance of the bonds. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round time value factor to 4 decimal places. Enter your answers in dollars not in millions rounded to the nearest whole dollar) View transaction list Journal entry worksheet 1 Record the issuance of bond at a premium. 2. Prepare the journal entry to record the interest payment on December 31 of this year. Use effective-interest amortization and a premium account. (if no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round time value factor to 4 decimal places. Enter your answers in dollars not in millions rounded to the nearest whole dollar.) View transaction list Journal entry worksheet