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the first semiannual interest payment on december 31, 20y1, and the amortization of the bond premium, using the interest method. round to the nearest dollar. date account debit credit 20y1 dec. 31 interest expense interest expense interest expense 0 premium on bonds payable premium on bonds payable premium on bonds payable 0 cash cash 0 cash

Respuesta :

The first semiannual interest payment on December 31 is $250.

What is semiannual?

A semiannual event is one that is paid for, reported on, published, or otherwise occurs twice a year, often once every six months. For instance, until the bond's maturity date in 2030, the Buckeye City, Ohio Consolidated School District's 2020 issuance of a ten-year general obligation bond will pay interest on a semiannual basis each year. The interest on these bonds will be paid out twice a year, in this case twice a year in June and December, to investors who purchase them. A financial report on the district's operations will also be released twice a year, in November and February.

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