( g) Notes payable( due in 4 years)
( h) Premium on bonds payable
( i) Bonds payable( due in 3 years)
5) On June 30, 2014, Mischa Auer Company issued $ 4,166,000 face value of 13 %, 20-year bonds at $ 4,479,407, a yield of 12 %. Auer uses the effective-interest method to amortize bond premium or discount. The bonds pay semiannual interest on June 30 and December 31.
( a) Prepare the journal entries to record the following transactions.( Round answers to 0 decimal places, e. g. 38,548. If no entry is required, select " No Entry " for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)