Prepare the journal entry to record the accrual of interest and the premium amortization on December 31, 2017. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

HELP WITH PART B PLEASE

Exercise 15-15 (Part Level Submission) Adcock Company issued $510,000, 9%, 20-year bonds on January 1, 2017, at 104. Interest is payable annually on January 1. Adcock uses straight- line amortization for 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.) Date Account Titles and Explanation Jan. 1, 2017 Cash Debit Credit 530400|| 510000 Bonds Payable Premium on Bonds Payable 20400 SHOW LIST OF ACCOUNTS SHOW SOLUTION SHOW ANSWER LINK TO TEXT Attempts: 1 of 3 used (b) Your answer is partially correct. Try again. Prepare the journal entry to record the accrual of interest and the premium amortization on December 31, 2017. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Debit Credit Date Account Titles and Explanation Dec. 31, 2017 Interest Expense 22440 Premium on Bonds Payable 510 Cash 22950