Amortization of Discount or Premium - Straight Line Method 03/01/19, ABC Company issues $300,000, 10 year, 8% bonds at 97. Interest is paid to the bond holders on March and September. ABC uses the he Straight line method for Amortization. REQUIRED: Record the following Journal Entries: 1) Issuance of the Bond on 03/01/19 2) Payment of interest and calculation of amortization on 09/01/19. Bond Discount / Premium - Effective Interest Method On 01/01/19, Bixsby Services issued $169,000 of six-year, 12% bonds when the market rate of interest was 11%. The bonds were issued for $172,000. Bixsby Services uses the effective interest method to amortize any discount or premium. Semiannual interest payments are made on 06/30 and 12/31 of each year. REQUIRED: 1) Record the Journal Entry for the Interest payment and calculation of amortization using the effective interest method at 06/30/19