On January 1, 2013, when the market interest rate was 9 percent, Seton Corporation completed a $150,000, 7 percent bond issue for $130,746. The bonds were dated January 1, 2013, pay interest each December 31, and mature in 10 years on December 31, 2022. Seton amortizes the bond discount using the straight-line method.

Required:

1. & 2.

Complete the required journal entries to record the bond issuance and the interest payment on December 31, 2013. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Round your answers to the nearest whole dollar.) 1. Record the issuance of bonds for $130,746 with a face value of $150,000. 2. Record the interest payment on December 31, 2013. 3. Prepare a bond discount amortization schedule for these bonds. (Do not round intermediate calculations. Round your answers to the nearest dollar amount.)