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Straight-line premium Amortization : On April 30,2010, Hackman corporation issued $1 million face value 12% bond dated january1,2010, for $1023,000 plus accrued interest. the bond

Straight-line premium Amortization: On April 30,2010, Hackman corporation issued $1 million face value 12% bond dated january1,2010, for $1023,000 plus accrued interest. the bond pay interest semiannually on june 30,and Dec 31, and are due dec 31,2017 the company use the straight line amortization method.

Required:

record the issuance of the bond and the first two interest payments.

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