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Glenn's Gems Corporation issued $3 million of its 8% bonds on Jan 1, 2012 at 95%. The Bonds mature Jan 1, 2017. Interest is paid

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Glenn's Gems Corporation issued $3 million of its 8% bonds on Jan 1, 2012 at 95%. The Bonds mature Jan 1, 2017. Interest is paid semi-annually on July 1 and Jan 1. a. Record the Issuance of Bonds b. Record the interest as of July 1 and Dec 31, 2012 c. What will the value of the Discount &/or Premium on Bond Payable account be on Dec 31, 2015

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