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Required information Exercise 10-15A (Static) Straight-line amortization of a bond premium LO 10-5 (The following information applies to the questions displayed below.] The Square Foot
Required information Exercise 10-15A (Static) Straight-line amortization of a bond premium LO 10-5 (The following information applies to the questions displayed below.] The Square Foot Grill, Incorporated issued $200,000 of 10-year, 6 percent bonds on July 1, Year 1, at 102. Interest is payable in cash semiannually on June 30 and December 31. The straight-line method is used for amortization. Exercise 10-15A (Static) Part a Required information Req Al Req Az Post the journal entries to T-accounts. (Select "cl" for all the closing entries.) Year 1 Cash Premium on Bonds Payable Year 1 End. Bal. Year 2 0 End. Bal. Year 2 0 End. Bal. Year 1 Bonds Payable End. Bal. 0 End. Bal. Required information End. Bal. 0 Saveu Retained Earnings Interest Expense Year 1 Year 1 End. Bal. Year 2 End. Bal. 0 Year 2 End. Bal. End. Bal. < Req A1 Req A2 >
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