Exercise 10-15A (Algo) Straight-line amortization of a bond premium LO 10-5 Skip to question {The following information applies to the questions displayed below.] The Square Foot Grill, Incorporated issued $300,000 of 10-year, 8 percent bonds on July 1, Year 1, at 103. Interest is payable in cash semiannually on June 30 and December 31. The straight-line method is used for amortization.

1. Record the issue of bonds payable with premium.

2.Record the interest expense and amortization for bonds payable.

3.Record the closing entry for expenses.

4.Record the interest expense and amortization for bonds payable.

5.Record the interest expense and amortization for bonds payable.

6.Record the closing entry for expenses.