Saved hapter 14 Interactive Presentations Required 10 of 12 Slide 10 - 2 sints chapter 14: Long-Term Liabilities Compute and record amortization of a bond premium using the straight-line method. Knowledge Check 04 On December 31, 2015, Spearmint, Inc., issued $450,000 of 9 percent, 3-year bonds for cash of $461,795. After recording the related entry Bonds Payable had a balance of $450,000 and Premium on Bonds Payable had a balance of $11,795. Spearmint uses the straight-line bond amortization method. The first serriannual Interest payment was made on June 30, 2016. Complete the necessary journal entry for June 30, 2016 by selecting the account names and dollar amounts from the drop-down menus eBook References Date Account Title Debit Credit select June 30 select select select v select select select select select Submit answer & continue