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Partil (12 points) January 1, 2019, Barone Company issued ten-year bonds with a face value of 000. The bondscaya stated interest rate of 7%, with

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Partil (12 points) January 1, 2019, Barone Company issued ten-year bonds with a face value of 000. The bondscaya stated interest rate of 7%, with interest annually payable each Jan 1. Baroness the straight-line method of amortizing bond premium or discount. Financial statements are prepared December 31 (a) Prepare the journal entries for the issuance of bonds 97 and the accrual of interest on Dec 31, 2019 General Journal Date Account Title Debit Credit (b) Prepare the journal entries for the issuance of bonds at 102 and the accrual of interest on Dec 31, 2019 General Journal Credit Debit Date Account Title Part II Continues on the Next Page Page 5 of 10

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