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Business, 18.11.2019 21:31 princesstn28oqlfir

On december 31, 2019, spearmint, inc., issued $450,000 of 9 percent, 3-year bonds for cash of $461,795. after recording the related entry, bonds payable had a balance of $450,000 and premium on bonds payable had a balance of $11,795. spearmint uses the straight-line bond amortization method. the first semiannual interest payment was made on june 30, 2020. prepare journal entry for june 30, 2020.

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On december 31, 2019, spearmint, inc., issued $450,000 of 9 percent, 3-year bonds for cash of $461,7...
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