On February 1,2013,SouthernGas sold $300,000,12 percent,ten-year bonds at 96 plus accrued interest.Interest is payable semiannually on June 1 and December 1.The bond issue was dated December 1,2009.On July 31,2014,$150,000 of the issue was reacquired at 95 plus accrued interest.
Make the entries on the issuer's books for the sale of the bonds,the payment of interest,amortization of premium or discount,and accrual of interest,and reacquisition as needed for 2013 and 2014.Straight-line amortization is recorded at the end of the calendar year and accruals are reversed.(Round all calculations. )

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The Answer of On February 1,2013,SouthernGas sold $300,000,12 percent,ten-year bonds at 96 plus accrued interest.Interest is payable semiannually on June 1 and December 1.The bond issue was dated December 1,2009.On July 31,2014,$150,000 of the issue was reacquired at 95 plus accrued interest.
Make the entries on the issuer's books for the sale of the bonds,the payment of interest,amortization of premium or discount,and accrual of interest,and reacquisition as needed for 2013 and 2014.Straight-line amortization is recorded at the end of the calendar year and accruals are reversed.(Round all calculations. )

On February 1,2013,SouthernGas Sold $300,000,12 Percent,ten-Year Bonds at 96 Plus