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Entries for issuing bonds and Amortising Premium by Straight-Line Method Smiley Corporation wholesales repair products to equipment manufacturers. On April, 2011, Smiley issued $4,600,000 of 7 year, 11 bondstaart (efective) Interest rate of 9%, receiving cash of $5,070,251. Interest is payable semiannually on April 1 and October 1 2. Journalize the entry to record the issuance of hands on April 1, 2017 11 on amount box does not require an entry, love it blank b. Journalize the entry to record the first interest payment on October 1, 2011, and amortization of bond premium for months in the wind to the nearest dollar. If an amount box does not require an entry leave it blank 55 Why was the comparable to the bonds for $5,070,251 rather than for the most 4.600.000 the contractor The mate of interestis