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Issuance Premium Investment Discount Company P owns 80% of the outstanding stock of Company S. Company S. issued $100,000, 5-year, 8% bonds at 105 on

Issuance Premium Investment Discount

Company P owns 80% of the outstanding stock of Company S. Company S. issued $100,000, 5-year, 8% bonds at 105 on January 1, 2012. Interest is paid on December 31. Company P. buys the bonds from outside parties on January 1, 2013 for $95,000. what are the entries for company p for the years 2013-2016

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