13) On January 1, 2014, Diab Services issued $140,000 of 4-year bonds with a stated rate of 9%.  The market rate at time of issue was 8%, so the bonds were issued with a premium and sold for...

13) On January 1, 2014, Diab Services issued $140,000 of 4-year bonds with a stated rate of 9%.  The market rate at time of issue was 8%, so the bonds were issued with a premium and sold for $144,758.  Diab uses the effective-interest method to amortize bond premium.  Semiannual interest payments are made on June 30 and December 31 of each year.  Which of the following is the correct journal entry to record the first interest payment?  (Please round all amounts to nearest whole dollar.)

A)

B)

C)

D)

14) On January 1, 2014, Partridge Company issued $50,000 of 6-year bonds with a stated rate of 3%.  The market rate at time of issue was 4%, so the bonds were discounted and sold for $47,331.  Partridge uses the effective-interest rate of amortization for bond discount.  Semiannual interest payments are made on June 30 and December 31 of each year.  Please complete the amortization table for the first four interest payments.

15) On January 1, 2014, Diab Services issued $140,000 of 4-year bonds with a stated rate of 9%.  The market rate at time of issue was 8%, so the bonds were issued at a premium and sold for $144,758.  Diab uses the effective-interest method to amortize bond premium.  Semiannual interest payments are made on June 30 and December 31 of each year.  Please complete the amortization table for the first four interest payments.