On June 30, 2009, Arlington Company issued dollar 1, 500,000 of 10-year, 8 percentage bonds, dated June 30, for dollar 1, 540,000. Present entries to the following transactions: Arlington Company issuance of bonds. Payment of first semiannual interest on December 31, 2009. Amortization by straight-line method of bond premium on December 31, 2009. Prepare the journal entries for the following transactions for Batson Co. Batson Co. purchased 1.200 shares of the total of 100,000 shares of Michael Corp. stock for dollar 20.75 per share plus a dollar 70 commission. Michael's total earnings for the period are dollar 84.000. Michael paid total of dollar 40,000 in each dividends