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The Nash Company issued $370,000 of 7% bonds on January 1, 2017. The bonds are due January 1, 2022, with interest payable each July 1 and January 1. The bonds were issued at 101.

Prepare the journal entries for (a) January 1, (b) July 1, and (c) December 31. Assume The Nash Company records straight-line amortization semiannually. (If no entry is required, select No Entry for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Round intermediate calculations to 6 decimal places, e.g. 1.251247 and final answer to o decimal places, e.g 38,548.) No Date Account Titles and Explanation Credit (a) January 1, 2017 (b) July 1, 2017 (c) December 31, 2017

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solution Date Account title Debit a | Jan 1,2017 | cash-370000*101% 373,700 Bonds payable Premium on bonds payable 370,000 3,700 b | July 1,2017 | Interest expense (37000017966/ 12 Premium on bonds payable (3700/10) Cash 13,450 c | Dec 31,2017 | Interest expense (370000*7%*6/12 Premium on bonds payable (3700/10)370 Interest payable 13,450 ISheet1 206Sheeti207Sheeti 208 Sheeti 209 Sheeti 210 Sheeti 211Sheeti 212Sheet1213 ENG 23:12 쎄 US 30/01/2019

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