Entries for issuing bonds and amortizing premium by straight$-$line method semiannually on April $1$ and October $1.$

a$.$ Journalize the entry to record the issuance of bonds on April $1,20$Y$1.$ If an amount box does not require an entry, leave it blank.

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Bonds Payable is always recorded at face value. Any difference in issue price is reflected in a premium or discount account.

The straight$-$line method of amortization provides equal amounts of amortization over the life of the bond. blank.

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T Check My Work

Bonds Payable is always recorded at face value. Any diflerence in issue price is rellected in a premium or discount account.

The straight$-$line method of amortization provides equal amounts of amorlizalion over the life of the bond.