sation. BE16-4 Dominic Company issues $2,000,000 of ten-year 9% bonds at %, with interest payable on 502) July 1 and January 1. The straight-line method of amortization is used. (a) Prepare the journal entry Propre entries for berods, using to record the sale of these bonds on January 1, 2003. (b) Prepare the journal entry to record interest straight-line method of amorti- expense and amortization on July 1, 2003. Assume no previous accrual of interest (502) AP BE16-5 Hebert Inc. issues $3,000,000 of five-year 10% bonds at 103, with interest payable on July Prepare entries for bonds, using 1 and January 1. The straight-line method of amortization is used (a) Prepare the journal entry to straight-line method of amorti record the sale of these bonds on January 1, 2003. (b) Prepare the journal entry to record interest (SO2) AP expense and amortization on July 1, 2003. Assume no previous accrual of interest