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Riverbed Corporation sold $2,750,000, 8%, 5-year bonds on January 1, 2025. The bonds were dated January 1, 2025, and pay interest on January 1.

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Riverbed Corporation sold $2,750,000, 8%, 5-year bonds on January 1, 2025. The bonds were dated January 1, 2025, and pay interest on January 1. Riverbed Corporation uses the straight-line method to amortize bond premium or discount. (a) Your answer is partially correct. Prepare all the necessary journal entries to record the issuance of the bonds and bond interest expense for 2025, assuming that the bonds sold at 102. (List all debit entries before credit entries. 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 O for the amounts.) Date Jan. 1 Dec. 31 Account Titles and Explanation Debit Credit

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