On December 31, 2016, Sulley Corp. issued $3,000 of 7%, 10-year, annual bonds for cash of $2,795. The market rate is 8%.

a. Prepare an amortization table for these bonds through December 31, 2020.

b. Record the December 31, 2016, issuance of these bonds in a journal entry.

c. Record the December 31, 2017, interest payment in a journal entry.

d. Record the December 31, 2018, interest payment in a journal entry.