n tic lemanbonds r bonds on January 1, 2017. The ion uses *P10-8A Fong Corporation sold $2,000,000, 7%, 5-yea bonds were dated January 1, 2017, and pay interest on January 1. Fong Corporat the straight-line method to amortize bond premium or discount. Instructions (a) Prepare all the necessary journal entries to record the issuance of the bonds and bond interest expense for 2017, assuming that the bonds sold at 102