Concord Corporation sold $2,300,000, 5%, 10-year bonds on January 1, 2019. The bonds were dated January 1 and pay interest annually on January 1. Concord Corporation uses the straight-line method to amortize bond premium or discount. The bonds were sold at 102.

Prepare the journal entry to record the issuance of the bonds on January 1, 2019. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Debit Credit Date Account Titles and Explanation Jan. 1, 2019 SHOW LIST OF ACCOUNTS Prepare a bond premium amortization schedule for the first 4 interest periods. Annual Interest Periods Interest to Be Paid Interest Expense to Be Recorded Premium Amortization Unamortized Premium Bond Carrying Value Issue date Prepare the journal entries for interest and the amortization of the premium in 2019 and 2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit Dec. 31, 2019 Dec. 31, 2020 SHOW LIST OF ACCOUNTS Show the balance sheet presentation of the bond liability at December 31, 2020. (Enter account name only and do not provide descriptive information.) Concord Corporation Balance Sheet For the Year Ended December 31, 2020 SHOW LIST OF ACCOUNTS