Splish Brothers Inc issues $3.7 million, 10-year, 69% bonds at 103, with interest payable on...
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Splish Brothers Inc issues $3.7 million, 10-year, 69% bonds at 103, with interest payable on January 1. The straight-line method is used to amortize bond premium Prepare the journal entry to record the sale of these bands on January 1, 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan 1 Interest Expense 210909 Premium on Bonds Payable 11100 Interest Payable 222000 e Textbook and Media List of Accounts Prepare the journal entry to record interest expense and bond premium amortization on December 31, 2022, assuming no previous accrual of interest. (Credit account titles are automatically indented when amount is entered. Do not indent manually) Date Account Titles and Explanation Debit Credit Dec 31
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