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Calculate the premium on bonds payable

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The governmental activity journal entry for the county issued $6m 4% bond, with interest payable semiannually on June 30 and dec 31. The bonds would for 101 on July 30,2010. Proceeds from the bonds were to be used for construction of the library with all interest and premiums received to be used to service the debt issue. How do you calculate the premium on bonds payable and how to calculate the accrued interest payables (or expense- interest on bonds) how do we calucate these entries.

Reference no: EM132360035

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