On January 1, when the market interest rate was 9 percent, Selton Corporation completed a $200,000, 8 percent bond issue for $187,163. The bonds were dated January 1, pay interest each December 31, and mature in ten years. Selton amortizes the bond discount using the straight-line method. Assume Selton Corporation accounts for the bond using the simplified effective-interest method shown in Supplement 10C. Required: 1. Prepare the journal entry to record the bond issuance. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

2. Prepare the journal entry to record the interest payment on December 31. (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 dollar amount.)

3. Prepare a bond discount amortization schedule for these bonds. (Round your answers to the nearest dollar amount.)