A partial bond amortization schedule for Sandhill Corp. is provided below. Sandhill has a December 31 year end.

Semi-Annual Interest Period		Interest Payment			Interest Expense			Amortization			Bond Amortized Cost
Jan. 1, 2021											$392,058
July 1, 2021		$8,200			$9,801			$1,601			393,659
Jan. 1, 2022		8,200			9,841			1,641			395,300
July 1, 2022		8,200			9,883			1,683			396,983

Was the bond issued at a premium or discount?

Record the interest payment on July 1, 2021.

Record the adjusting entry on December 31, 2021.

Record the interest payment on January 1, 2022.