On April 1, 2018, Eiche Company issues $2,500,000 of 6%, 5-year bonds, with interest payments made each October 1 and April 1. The bonds are issued at 98. Eiche Company amortizes any premium or discount using the straight-line method.
Required:
Prepare journal entries on the following dates:
1. April 1, 2018.
2. October 1, 2018.
3. December 31, 2018, the fiscal year end.
Omit explanations.

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The Answer of On April 1, 2018, Eiche Company issues $2,500,000 of 6%, 5-year bonds, with interest payments made each October 1 and April 1. The bonds are issued at 98. Eiche Company amortizes any premium or discount using the straight-line method.
Required:
Prepare journal entries on the following dates:
1. April 1, 2018.
2. October 1, 2018.
3. December 31, 2018, the fiscal year end.
Omit explanations.

On April 1, 2018, Eiche Company Issues $2,500,000 of 6