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Presented below is the partial bond premium amortization schedule for Cullumber Corp Cullumber uses the...

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Presented below is the partial bond premium amortization schedule for Cullumber Corp Cullumber uses the effective interest method of amortization Interest Periods Interest Payment Interest Expense Premium Amortization Bond Amortized Cost $109,164 Issue date 1 $8.160 $7.641 $519 108 645 555 2 7.605 108.090 8.160 Prepare the journal entry to record the payment of interest and the premium amortization at the end of the first two periods. Oudit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts) Credit Debit No. Account Titles and Explanation Prepare the journal entry to record of interest with anotime the findit comunitare automatically indented when the moon sentored. Do not Indent col no entrar entry for the Accountities and enter for the amount No. Account Titles and Explanation Debit Great (Turecorderetet concordant ** RE 5 0 & 7 8 4 3 O P U

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