After you collect data on risks and recommendations, you include that information in a report, and you give that report to manag
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Answer: See attachment
Explanation:
The journal entry to record the transactions has been attached.
1. The issuance of the bonds on June 30, 2020.
Debit Cash $3818140
Credit Premium on bonds payable $267140
Credit Bonds payable $3551000
(2) The payment of interest and the amortization of the premium on December 31, 2020.
Debit Interest expense $229088.4
Debit Premium on bonds payable $1726.6
Credit Cash $230815
(3) The payment of interest and the amortization of the premium on June 30, 2021.
Debit Interest expense $228984.8
Debit Premium on bonds payable $1830.2
Credit Cash $2380815
(4) The payment of interest and the amortization of the premium on December 31, 2021.
Debit Interest expense $228975
Debit Premium on bonds payable $1940
Credit Cash $230815
