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3.334 pts Question 10 on March 1, 2010, Dee Dee Co. issued $4,000,000 of five-year,...

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3.334 pts Question 10 on March 1, 2010, Dee Dee Co. issued $4,000,000 of five-year, 12% bonds at an effective interest rate of 10%, receiving cash of $4.308.858. Interest is payable semiannually on March 1 and September 1. Give the account to be debited (1),the account to be credited (2), and the amount to journalize the amortization of the premium using the straight-line method of amortization on September 1, 2010, when the first interest payment is made. Amortization of premium is to be recorded after each interest payment. All amounts are to be rounded to the nearest dollar. DATE DESCRIPTION PREF DEBT CREDIT Premium on Bonds Payable debited (1) $30,886, Interest expense credited (2) $30.886 Interest expense debited (1) $30886: Premium on Bonds Payable credited 02) S30886 Interest expense debited (1) $30.886: Discount on Bonds Payable credited (2) $30.886 Interest expense debited (1) $30886. Cash credited (2) $30.886 o" e-1 @ e to search D LL

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