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PLS HELP WITH PART B Pina Colada Corp. issued $327,000,9%,15-year bonds on December 31,2021 , for $310,650. Interest is payable annually on December 31. Pina

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image text in transcribedPLS HELP WITH PART B

Pina Colada Corp. issued $327,000,9%,15-year bonds on December 31,2021 , for $310,650. Interest is payable annually on December 31. Pina Colada uses the straight-line method to amortize bond premium or discount. (a) Your answer is correct. Prepare the journal entry to record the issuance of the bonds. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) eTextbook and Media Attempts: 1 of 3 used (b) Prepare the journal entry to record the payment of interest and the discount amortization on December 31, 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

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