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par value 1000*600=600000 FINANCIAL ACCOUNTING II The JJJ Company has a fiscal year that ends on May 31. On September 1, 2015, JJJ authorized $800.000

par value 1000*600=600000
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FINANCIAL ACCOUNTING II The JJJ Company has a fiscal year that ends on May 31". On September 1, 2015, JJJ authorized $800.000 of 8-year bonds, at 6% interest, with interest payable to bondholders each August 31". On March 1, 2017, JJJ issued 600 of the bonds at a premium and received a total of $649,200 in exchange. JJJ records amortization in its records only at interest payment dates and at its fiscal year-end. Prepare all journal entries relating to the company's bonds during the period September 1, 2015 through August 31, 2017

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