List of Accounts:

Accounts Payable Accounts Receivable Accumulated Depreciation-Equipment Bonds Payable Cash Common Stock Cost of Goods Sold Depreciation Expense Discount on Bonds Payable Dividends Equipment Federal Income Taxes Payable Federal Uemployment Taxes Payable FICA Taxes Payable Gain on Bond Redemption Income Tax Expense Income Taxes Payable Insurance Expense Interest Expense Interest Payable Inventory Lease Liability Loss on Bond Redemption Mortgage Payable Notes Payable Other Operating Expenses Paid-in Capital in Excess of Par-Common Stock Payroll Tax Expense Preferred Stock Premium on Bonds Payable Prepaid Insurance Retained Earnings Salaries and Wages Expense Salaries and Wages Payable Sales Revenue Sales Taxes Payable Service Revenue State Income Taxes Payable State Unemployment Taxes Payable Subscription Revenue Ticket Revenue Unearned Service Revenue Unearned Subscription Revenue Unearned Ticket Revenue

Adcock Company issued $268,000, 5%, 20-year bonds on January 1, 2015, at 103. Interest is payable semiannually on July 1 and January 1. Adcockuses straight-line amortization for bond premium or discount. Prepare the journal entry to record the issuance of the bonds. (Credit account titles are autom atically indented when am ount is entered. Do not indent manually.) Debit Credit Date Account Titles and Explanation Jan. 1, 2015 SHOW LIST OF ACCOUNTS 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 am ount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Date July 1, 2015 SHOW LIST OF ACCOUNTS Prepare the journal entry to record the accrual of interest and the premium amortization on December 31, 2015. (Credit account titles are autom atically indented when amount is entered. Do not indent manually.) Debit Credit Date Account Titles and Explanation Dec 31, 2015 SHOW LIST OF ACCOUNTS 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.) Debit Date Account Titles and Explanation Jan. 1, 2035