Entries for Issuing Bonds and Amortizing Premium by Straight-Line Method Smiley Corporation wholesales repair products to equipment manufacturers. On April 1. Year 1. Smiley issued $3,400,000 of 10-year, 11% bonds ta manet (c) Interest rate of 8%, receiving cash of $4,093, 106. Interest is payable semiannually on April 1 and October 1. a. Journalize the entry to record the issuance of bonds on April 1, Year 1. 17 an amount box does not require an entry, leave it blank, Cash Premium on Bonds Payable Bonds Payable 3,400,000 693.105 Fatba Check My W b. Joumalize the entry to record the first interest payment on October 1, Year 1, and amortization of bood premium for six months, using the straight-line method. (Round to the nearest dollar) If an amount box does not require an entry, leave it blank, Interest Expense Premium on Bonds Payable Cash Accounting numer Held Premium Amortization On the first day of the fiscal year, a company issues an 54,900,000, 64, 10-year bond that pays semiannual interest of $147,000 (54,900,000 x 6%), recting cash of $6,161,896. Soumature the first interest payment and the amortization of the related bond premium. Round to the nearest dollar, an amount box dous not requre an entry, leave blank Interest Expense Premium on Bonds Payable X Cash 147.000