On October 1, 2019, Ball Company issued 9% bonds dated October 1, 2019, with a face amount of $100,000. The bonds mature in 8 years. Interest is paid semiannually on March 31 and September 30. The proceeds from the bond issuance were $101,131.59 to yield 8.80%. Ball Company has a December 31 fiscal year-end and does not use reversing entries.

Required: (Please help me to fix the wrong parts IN RED! Thank u!)

PAGE 2019 PAGE 2020 GENERAL JOURNAL Score: 195/203 POST. REF. CREDIT DEBIT 2,224.90 1 DATE ACCOUNT TITLE Mar. 31, 2020 Interest Expense Interest Payable Premium on Bonds Payable 2 2,250.00 3 25.10 Cash 4,500.00 5 Sep. 30 4,447.58 Interest Expense Premium on Bonds Payable 6 52.42 7 Cash 4,500.00 > 8 Dec. 31 2,222.64 Interest Expense Premium on Bonds Payable > 9 27.36 10 Interest Payable 2,250.00 2. Prepare journal entries to record the issuance of the bonds and the interest payments for 2019 and 2020 using the straight-line m General Journal Instructions How does grading work? PAGE 2019 PAGE 2020 GENERAL JOURNAL Score: 185/203 DATE ACCOUNT TITLE POST. REF. DEBIT CREDIT 1 1 Oct. 1, 2019 Cash 101,131.59 2 Premium on Bonds Payable 1,131.59 3 100,000.00 Bonds Payable Dec. 31 Interest Expense 4 2,214.63 5 Premium on Bonds Payable 35.37 6 6 Interest Payable 2,250.00 PAGE 2019 PAGE 2020 GENERAL JOURNAL Score: 185/203 DATE ACCOUNT TITLE POST. REF. DEBIT CREDIT 1 Mar. 31, 2020 Interest Expense 2,214.63 2 Interest Payable 2,250.00 3 Premium on Bonds Payable 35.37 4 Cash 2,250.00 5 4,429.27 Sep.30 Interest Expense Premium on Bonds Payable 6 70.73 7 4,500.00 8 8 Cash Dec. 31' Interest Expense Premium on Bonds Payable 2,214.63 9 35.37 10 Interest Payable 2,250.00