Kimmel, Financial Accounting, 7e PRINCIPLES OF ACCT (ACCT 2121 January 1, 2014, at 102. Interest is payable annually on January 1. Prophet uses straight-line amortization for bond premium or discount. Prepare the journal entries to record the following events. (credit account titles are automatically indented when amount s entered. Do not indent manually.) (a) The issuance of the bonds b) The accrual of interest and the premium amortization on December 31, 2014 The payment of interest on January 1, 2015. (d) The redemption of the bonds at maturity, assuming interest for the last interest period has been paid and recorded. Account Tites and Explanaton Credit (a) (b) Dec. 31, 2014 l R2000 2012uahn wureo.Asans, uns. Al Rights Reserved. A Division of 2ahn Mlex Asons Inc. MacBook Air