on the first day of the current fiscal year $2,000,000 of 10 year 7% bonds with interest payable annually were sold for $2,125,000. Present entries to record the following transactions for the current fiscal year (for the issets books)

a) issuance of the bonds

b) first annual interest payment

c) amortization of bond premium for the year using the straight-line method of amortization

Dueensko- ADR Parts artArt My Adeins Bookmark Cross-reference [ A WordArt - Comment Footer Page Number ations Box- Drop Cop. Comments Header & Footer 73. On the first day of the current fiscal year, S2,000,000 of 10-year, 7% bonds, with interest payable annually, were sold for $2,125,000. Present entries to record the following transactions for the current fiscal year (for the issuer's books): (a) Issuance of the bonds. (b) First annual interest payment. (c) Amortization of bond premium for the year, using the straight-line method of amortization. (for each Journal Entry, omit the step of providing a brief explanation) JOURNAL Date Post. CR (b)