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(The following information applies to the questions displayed below] The Square Foot Grill Inc. issued...

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(The following information applies to the questions displayed below] The Square Foot Grill Inc. issued $250,000 of 10-year, 7 percent bonds on July 1, 2016, at 102. payable in cash semiannually on June 30 and December 31. The straight-line method is used for amortization Interest is value: 3.33 points Required a. Prepare the journal entries to record issuing the bonds and any necessary journal entries for 2016 and 2017. Post the journal entries to T-accounts. Prepare any necessary closing entries for 2016. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the issue of bonds payable with premium. Note: Enter debits before credits. Date Jul 01, 2016 General Journal Debit Credit Record entry Clear entry View general journal

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