For the following 3 bond examples (issued at premium, par, and a discount) please determine what the net bond value would be after the first amortization entry.

Example of a Bond Issued at Premium: Assume a bond with a par value of $100 is issued at a premium of $5. The annual rate is 10% and maturity in 5 years Par Value Premium = Issue Price $100 + $5 = $105 Journal Entry for Issuance of Bond - Debit Cash (S105); Credit Bonds Payable (S100) Credit Premium on Bonds Payable (S5) Journal Entry for Interest and Amortization of Bond Debit Interest Expense (S9) Debit Premium on Bonds Payable (S1); Credit Cash ($10) Example of a Bond Issued at Par: Assume a bond with a par value of $100 is issued at par Par Value Issue Price $100 Issue Price Journal Entry for Issuance of Bond Debit Cash ($100); Credit Bods Payable ($100) Example of a Bond Issued at a Discount: Assume a bond with a par value of $100 is issued at a discount of $10. The annual rate is 10% and maturity in 5 years Par Value-Discount = Issue Price $100 $10 $90 Journal Entry for Issuance of Bond Debit Cash ($90) Debit Discount on Bonds Payable (S10); Credit Bonds Payable ($100) Journal Entry for Interest and Amortization of Bond - Debit Interest Expense ($7); Credit Discount on Bonds Payable ($2) Credit Cash ($5)