ALT-BOND-DISC-AMORT LINE DEBIT CREDIT Date Transaction DATE GENERAL JOURNAL (USE Dropdowns) 1 1/1/17 N 3 4 5 6 1/1/17 Jackson Company issued $210,000 of bonds at a price of 96.00% of face value. The bonds have a maturity of 3 years and an interest rate of 5.00% with annual interest payments. (Use dropdowns to see the accounts in the journal) 12/31/17 Make the first interest entry and amortize a portion of the bond discount. 12/31/17 12/31/18 Make the second interest entry. 7 8 9 12/31/18 10 11 12 13 12/31/19 14 15 16 17 12/31/19 18 19 20 12/31/19 Make the third interest entry. 12/31/19 Make the entry to pay off the face amount of the bonds at the end of year 3