Prepare the journal entries to record the following:

(a)		The issuance of the bonds.
(b)		The accrual of interest and the premium amortization on December 31, 2020.
(c)		The payment of interest on January 1, 2021.
(d)		The redemption of the bonds at maturity, assuming interest for the last interest period has been paid and recorded.

Exercise 15-15 a-d (Part Level Submission) Carla Vista Company issued $590,000, 6%, 20-year bonds on January 1, 2020, at 104. Interest is payable annually on January 1, Carla Vista uses straight-line amortization for bond premium or discount. (a) Your answer is partially correct. Try again. 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.) Date Account Titles and Explanation Jan 1, 2020 Cash Bonds Payable Premium on Bonds Payable