Aggies Inc. issued bonds with a $550,000 face value, 10% interest rate, and a 4-year term on July 1, 2018, and received $600,000. Interest is payable semi-annually. The premium is amortized using the straight-line method. A. July 1, 2018: entry to record issuing the bonds B. Dec. 31, 2018: entry to record payment of interest to bondholders C. Dec. 31, 2018: entry to record amortization of premium Prepare journal entries for the above transactions. If an amount box does not require an entry, leave it blank.

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A:

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