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Please answer it correctly. Just need the amount of following items lerelge Stralght-line lo-18A amortization for bonds issued at a premium LO 10-5 On January
Please answer it correctly. Just need the amount of following items
lerelge Stralght-line lo-18A amortization for bonds issued at a premium LO 10-5 On January 1, 2016, Sayers Company issued $159,000 of five-year, 7 percent bonds at 102. Interest is ayable semiannually on June 30 and December 31. The premium is amortized using the straight-line method. equired Prepare the joumalentries to record the bond tansactions for 20 10 ana oun fendn is regi record the bond transactions for 2016 and 2017. (If no entry is required for transaction/event, select "No journal entry required" in the first account field.) Answer is not complete. No Date General Journal Debit Credit 1Jan 01, 2016 159,000 Cash Bonds payable Premium on bonds payable 157,000 2,000 2 Jun 30, 2016 Interest expense Premium on bonds payable 7,0003 Cash References eBook & ResourcesStep by Step Solution
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