Best Company on March 1, 2010 issues $800,000 bonds at 103 maturing 10 years from January 1, 2010. These bonds have an annual interest rate of 8 percent payable semiannually on January 1 and July 1. Use the straight line method to amortize premium.
a. Record the issuance of the bond
b. Record the first semiannual interest payment
c. Record the accrual interest expense at the end of 2010.