Hi,

I am required to create entries as follows.

On January 1st, ABC company issued $100.000 bond with 8% coupon for 5 years. The bond was sold for $105.000. The payment for the coupon occurs on January 1st every year.

1. Create entry for bond issuance.
2. Create entry for bond's interest acknowledgement.
3. Create entry for bond's excess sales value amortization.

Cheers,

P.