Bond Discount with Straight-Line Amortization Ex: A corporation issue a $100,000 of 9% bond for $96,149 on 1/1/2019 when the market rate is 10%. The interest is to be paid on June 30 and Dec. 31 until the bond matures on Dec. 31, 2023. 1) Record the issuance of bond at discount 2) If a balance sheet is prepared immediately after the bond are issued at a discount, how would this bond payable appear on the balance sheet? 3) Record the interest payment for 2019 4) Fill-out the table The following T-account shows how the balance in Discount on Bonds Payable will be decreasing over the 5-year life of the bond. Discount On Bonds Payable Jan 1, 2019 bond issued Jun 30, 2019 amortization Dec 31, 2019 amortization Dec 31, 2019 balance Jun 30, 2020 amortization Dec 31, 2020 amortization Dec 31, 2020 balance Jun 30, 2021 amortization Dec 31, 2021 amortization Dec 31, 2021 balance Dec 31, 2022 balance Jun 30, 2022 amortization Dec 31, 2022 amortization Jun 30, 2023 amortization Dec 31, 2023 amortization Dec 31, 2023 balance As the bond discount is amortized, the bond's book value will be increasing from on the date the bond was issued to the bond's maturity amount of Date Credit Balance in Bond Payable Account Debit Balance in Bond Discount Account Book Value of the Bond 1/1/2019 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 Prior to paying $100.000