Nicholas Ram Corporation have a $$1,700,000$ "bond issue" dated March $1,2016$ due in $15$ years with an annual interest rate of $9\%.$ Interest is payable March $1$ and September $1.$ On August $1,2016,$ the bond was sold for $$1,796,250$ plus accrued interest.

Using the straight$-$line method, prepare the general journal entries for each of the following:

a$)$ The issuance of the bond on August $1,2016.$

b$)$ Payment of the semi$-$annual interest and the amortization of the premium on September $1,2016.$

c$)$ Accrual of the interest and the amortization of the premium on December $31,2016.$

d$)$ Payment of the semi$-$annual interest and the amortization of the premium on March $1,2017.$

$($Credit account titles are automatically indented when the amount is entered. Do not indent manually. Do not use dollar signs $($$$)$ when entering amounts. To see comma$-$formatted numbers reflected in your final answers, you must enter your answers with commas. Round answers to $2$ decimal places, e$.$g$.5,275\mathrm{.}25.)$

Date Account Titles and Explanation

Debit

Credit

$2016$

Aug. $1$