Entries for issuing bonds and amortizing premium by straight-line

Entries for issuing bonds and amortizing premium by straight-line method Smiley Corporation wholesales repair products to equipment manufacturers. On April 1, 20Y1, Smiley issued $8,900,000 of 6-year, 9% bonds at a market (effective) interest rate of 6%, receiving cash of $10,228,860. Interest is payable semiannually on April 1 and October 1. Question Content Area a….

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