alain Company purchased $800,000 of 8% bonds of alain Corporation on January 1, 2015, at a discount, paying $ 738,2242. The bonds mature January 1, 2020, and yield 10%; interest is payable each July 1 and January 1. Assume that Robinson Company sells its investment on November 1, 2018, at 90 plus accrued interest. a) Robinson records this discount amortization as follows: b) Computation Gain/Loss on Sale of Bonds and Journal entry.