amortize bond discounts or premiums.

Required

a$.$ Determine the selling price of the bonds.

b$.$ Prepare an amortization schedule for the first two years of the bond term.

c$.$ Prepare journal entries on the following dates.

January $1$ of Year $1,$ bond issuance.

June $30$ of Year $1,$ interest payment.

December $31$ of Year $1,$ interest payment.

Amortization Schedule

Journal Entries

Note: Round amounts in schedule to the nearest whole dollar.

Note: Do not use negative signs.