Shamrock, Inc. issues $3.5 million, 10-year, 8% bonds at 104, with interest payable on January 1. The straight-line method is used to amortize bond premium.

Beyplus.com/courses/2015/assignments/274855module omd-929972 TOLOS cing 0.67/1 Question 10 View Policies Show Attempt History Current Attempt in Progress Shamrock, Inc. issues $3.5 million, 10 year, 8% bonds at 104, with interest payable on January 1. The straight line method is used to amortize bond premium. Your answer is partially correct. Prepare the journal entry to record the sale of these bonds on January 1, 2017. Credit accountitles are automatically Indented when amount is entered. Do not indent manually Debit Credit Date Account Titles and Explanation Jan. 1 Caribe Bonds Payable 100.000 Premium on Bonds Perable 5.000.00 w x] p P