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Required information (The following information applies to the questions displayed below. On January 1, 2021, Twister Enterpr

Journal entry worksheet 2 3 Record the bond issue. Note: Enter debits before credits. General Journal Debit Credit Date Janua

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Date General Journal Debit Credit
Jan 1, 2021 Cash $630862
Premium on bonds payable $60862
Bonds payable $570,000
June 30, 2021 Interest Expense (630862*7%*6/12) 22080
Premium on bonds payable 720
Cash (570000*8%*6/12) 22800
Dec 31, 2021 Interest Expense (630862*7%*6/12) 22080
Premium on bonds payable 720
Cash (570000*8%*6/12) 22800
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