On June 30, Jamison Company issued $2,500,000 of 10-year, 8% bonds, dated June 30, for $2,580,000.

(1)	Issuance of bonds.
(2)	Payment of first semiannual interest on December 31 (record separate entry from premium amortization).
(3)	Amortization by straight-line method of bond discount/premium on July 1.

Required:

Present entries to record the above transactions. Refer to the Chart of Accounts for exact wording of account titles.

CHART OF ACCOUNTS

Jamison Company

General Ledger

	ASSETS
110	Cash
111	Petty Cash
112	Accounts Receivable
113	Allowance for Doubtful Accounts
114	Notes Receivable
115	Interest Receivable
121	Merchandise Inventory
122	Supplies
131	Prepaid Insurance
140	Land
151	Building
152	Accumulated Depreciation-Building
153	Equipment
154	Accumulated Depreciation-Equipment

	LIABILITIES
210	Accounts Payable
221	Salaries Payable
231	Sales Tax Payable
241	Notes Payable
242	Interest Payable
251	Bonds Payable
252	Discount on Bonds Payable
253	Premium on Bonds Payable

	EQUITY
310	Andy Jamison, Capital
311	Andy Jamison, Drawing
312	Income Summary

	REVENUE
410	Sales
610	Interest Revenue
611	Gain on Redemption of Bonds

	EXPENSES
510	Cost of Merchandise Sold
511	Bad Debt Expense
512	Credit Card Expense
513	Cash Short and Over
521	Salaries Expense
531	Advertising Expense
532	Delivery Expense
533	Repairs Expense
534	Rent Expense
535	Insurance Expense
536	Supplies Expense
551	Depreciation Expense-Building
552	Depreciation Expense-Equipment
590	Miscellaneous Expense
710	Interest Expense
71	Loss on Redemption of Bonds Issuance of bonds on June 30. Refer to the Chart of Accounts for exact wording of account titles. Payment of first semiannual interest on December 31 (record separate entry from premium amortization). Refer to the Chart of Accounts for exact wording of account titles. Amortization by straight-line method of bond discount/premium on July 1. Refer to the Chart of Accounts for exact wording of account titles.