Journalize a sale when the seller collects sales taxes. Acoounting for notes payable including calculating interest based on the amount of time outstanding in the year. Contingent liabilities reporting criteria. Journal entries to prepare when a company issue bonds with a discount or premium. What does the carrying value of a bond represent. How do you calculate it. Entries to amortize a bond premium or discount using the Wonly What is the resulting carrying value after each amortization period. Entry to record the pay off of the bond at the end of its term [maturity date}. Retirement of bonds before their maturity, boy-uI to calculate the gain or loss. TimeslnterestEarned ratio