On 1/1/2016 Assume that Co issues 8% $200,000 bonds, due in five years for 208,389.76. the interest is paid annually at the end of each year, the market rate is 6%.assume that the company uses the straight line method for amortizing the discount or premium. 1-prepare the entry to record the issuance of the bond. 2-prepare the entry to record the interest paid on 31/12/2016. 2-prepare the schedule of bond discount or premium amortization