Grocery Corporation received $300,409 for 11.50 percent bonds issued on January 1, 2018, at a market interest rate of 8.50 percent. The bonds had a total face value of $251,000, stated that interest would be paid each December 31, and stated that they mature in 10 years. Assume Grocery Corporation uses the straight-line method to amortize the bond premium.

I just need help on the incoorect ones

XAnswer is not complete. No Date General Journal Debit Credit January 01 Cash 1 300,409 Premium on Bonds Payable 49,409 Bonds Payable 251,000 Interest Expense -34,547( 2 December 31 3,330X Premium on Bonds Payable Cash 28,865