Exercise 10-20 Adcock Company issued $180,000, 6 % , 20- year bonds on January 1, 2015, at 103. Interest is payable semiannually on July 1 and January 1. Adcock uses straight-line amortization for bond premium or discount. FYour answer is correct Prepare the journal entry to record the issuance of the bonds. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Da A Ts nd Eg 1. 2015h 5400 Bonds Payable Prem on Bonds P SHO LT OF ADcouTS m HOW ANSWE w A LINE TO ET Your answer is correct. Prepare the journal entry to record the payment of interest and the premium amortization on July 1, 2015, assuming that interest was not accrued on June 30. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) July1, 2015 et Espense 5265 Pmum on Bonds aya 540 Cashs HO LET OF accouTS Your answer is correct. Prepare the journal entry to record the accrual of interest and the premium amortization on December 31, 2015. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) e Dec. 31, 2015 o Promium on Basd Payab Interest Payable 548 Your answer is incorrect. Try again. Prepare the journal entry to record the redemption of the bonds at maturity, assuming interest for the last interest period has been paid and recorded. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) A Ts nd E Dat Cd Jan, 1, 2033 wow occous