(b) Prepare journal entries as in part (a) assuming that the bonds sold at 97 (c) Show the balance sheet presentation for the bond issue at December 31, 2017 , using (1) the 102 selling price, and then (2) the 97 selling price. *P10-9A Saylor Co. sold $3,000 ,000, 890, 10-year bonds on January 1, 2017, The bonds were dated January 1, 2017, and pay interest on January 1. The com line amortiza annually pany uses straight- tion on bond premiums and discounts. Financial statements are prepared Instructions (a) Prepare the journal entries to record the issuance of the bonds assuming they sold at: (1) 103. (b) Prepare amortization tables for both assumed sales for the first three interest (c) Prepare the journal entries to record interest expense for 2017 under both of the bond (d) Show the long-term liabilities balance sheet presentation for both of the bond issu- (2) 98. payments issuances assumed in part (a). ances assumed in part (a) at December 31, 2017