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On January 1, 2013, Amazon sells a bond with face value $200,000 and coupon rate of 5% and maturity of 3 years, for the price

On January 1, 2013, Amazon sells a bond with face value $200,000 and coupon rate of 5%

and maturity of 3 years, for the price of 103.5.

Show the journal entry for the bond proceeds.

b. Show the journal entry for the interest payment that is made at the end of the 2nd

year (December 31, 2014). (The market interest rate is 4%.)

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