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On January 1, Year 1, Sayers Company issued $260,000 of five-year, 4 percent bonds at 101. Interest is payable semiannually on June 30 and December
On January 1, Year 1, Sayers Company issued $260,000 of five-year, 4 percent bonds at 101. Interest is payable semiannually on June 30 and December 31 . The premium is amortized using the straight-line method. Required Prepare the journal enties to record the bond transactions for Year 1 and Year 2 . (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet 2345 Record the issue of bonds payable with premium. Note: Erilen deatis ladour ctedata. Journal entry worksheet Record the interest expense and amortization for bonds payable for June 30 , Year 1. Note: Enter debits before redits. Journal entry worksheet 5 Record the interest expense and amortization for bonds payable for December 31, Year 1. Note: Enter debits before credite. Journal entry worksheet Record the interest expense and amortization for bonds payable for June 30 , Year 2. Note: Enter debits before aredits. Journal entry worksheet Record the interest expense and amortization for bonds payable for December 31, Year 2. Note: Enter debits before credits
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