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E14-4 (Entries for Bond TransactionsStraight-Line) Celine Dion Company issued $600,000 of 10% 20 -year bonds on January 1, 2014, at 102 Interest is payable semiannually

E14-4 (Entries for Bond TransactionsStraight-Line) Celine Dion Company issued $600,000 of 10% 20 -year bonds on January 1, 2014, at 102 Interest is payable semiannually on July 1 and January 1. Dion Company uses the straight-line method of amortization for bond premium or discount. Instructions: Prepare the journal entries to record the following. (a) The issuance of the bonds.

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