Walsh Company purchased $65,000, 10%, three-year bonds for $68,407.39. Interest on the bonds is payable semiannually. Using

Question:

Walsh Company purchased $65,000, 10%, three-year bonds for $68,407.39. Interest on the bonds is payable semiannually. Using straight-line amortization of the bond premiums, make the necessary journal entry (or entries) to be made at each interest payment date to record the semiannual interest payment.