Donna | Economics homework help

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Donna’s Co. sold $3,000,000, 9%, 5-yr bonds on Jan 1, 2010. the bonds were dated jan 1, 2010 andpay interest on Jan1. the comp. uses straight-line amortization onj bond preminums and discounts. Fin. statments prepared annually.  A) prepare the journal entries to record the issuance of the bonds assuming they sold at 1. 101 and 2. 97.  B) prepare amortization tables for both assumed sales 4 the 1st 3 interest payments. C)prepare the journal entries to record interest expense for 2010 under both assumed sales and D) show the bal. sheet presentation for both assumed sales at 12/31/10

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