On January 1, Altman Company issued bonds that had a par value of $780,000 with a stated interest rate of 6% and a 5 year maturity date. The bonds pay interest semiannually on June 30 and December 31. The bonds are issued at 101 3/8. Prepare the journal entries Altman Company must record in its books at bond issuance, the first interest payment date, and at bond maturity. Altman Company uses the straight line method to amortize any discount or premium (Hint: use the Account List - click to pop open to help you with your journal entries). Date 01/01 06/30 Description Debit to record the sale of bonds at a premium (101 3/8 of par value) Credit 01/01/yr 5 to record the semi-annual interest payment & amortization of premium on bonds to record the maturity of bonds > Next Question