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TER 17 A3 Bonds: Joumal entries, issuance through retirement (L.O. 2, 5, 6) Transamerican will amortize the premium over the 35 monchs that the bonds are expected to be outstanding. Instructions a Prepare journal entries to record (1) the bond issuance on June 30, 19X4; (2) the semiannual interest payment and premium amortization on November 30,19X4; and (3) accrued interest and premum amortization on December 31,194. b Compute total bond interest expense for 19X4. c What is the net carrying value of Transamerican's bonds on December 31,19X4 ? Show how this amrount would be disclosed on the company's year-end balance sheet. d Prepare joumal entries to record the semiannual interest payment and premium amortization on May 31, 195. e Assume that the entire bond issue was called at 103, plus accrued inter- - est, on September 30, 19X5. Prepare joumal entries to record the bond retirement. Hint: Examine when amortization was last recorded. TER 17 A3 Bonds: Joumal entries, issuance through retirement (L.O. 2, 5, 6) Transamerican will amortize the premium over the 35 monchs that the bonds are expected to be outstanding. Instructions a Prepare journal entries to record (1) the bond issuance on June 30, 19X4; (2) the semiannual interest payment and premium amortization on November 30,19X4; and (3) accrued interest and premum amortization on December 31,194. b Compute total bond interest expense for 19X4. c What is the net carrying value of Transamerican's bonds on December 31,19X4 ? Show how this amrount would be disclosed on the company's year-end balance sheet. d Prepare joumal entries to record the semiannual interest payment and premium amortization on May 31, 195. e Assume that the entire bond issue was called at 103, plus accrued inter- - est, on September 30, 19X5. Prepare joumal entries to record the bond retirement. Hint: Examine when amortization was last recorded