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Problem 3 Issue Bond at Premium Rolstone Corp issued $200,000, 8% debenture, 5 Yr bonds on Jan. 1. Interest payment dates are Jan. 1 and

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Problem 3 Issue Bond at Premium Rolstone Corp issued $200,000, 8% debenture, 5 Yr bonds on Jan. 1. Interest payment dates are Jan. 1 and July 1. The bonds are sold for 217,062 on Jan. 1. Market rate is 6%. Prepare journal entries for the following. Fiscal year ends Oct 1 A a. Sale on Jan 1. b. July 1 entry C. Sale on Jan 1. d. July 1 entry. B Adjustment for fiscal year ending Oct. 1

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