b) Prepare the journal entry on October 31, 2020, to record the first interest payment and the amortization of the premium/discount. Date Account Title and Explanation Oct 31 Interest Expense Premium on Bonds Debit Cash Paid interest on bonds c) Prepare the adjusting entry on December 31, 2020. Date Account Title and Explanation Dec 31 Interest Expense Credit Debit Credit Premium on Bonds Interest Payable Accrued interest on bonds d) Show the balance sheet presentation of Bonds Payable and related accounts as at December 31, 2020. Bonds Payable Unamortized Premium/Discount $ Book Value