P10-9A Saylor Company sold $3.000,000, 8%, 10-year bonds on January 1,2017. January 1, 2017, and pay interest on January 1. The company uses the premiums or discounts. bonds were dated straight-line method to amortize bond Instructions: a. Prepare the journal entries to record the issuance of the bonds, assuming that the bonds sold at: 1) 103 (Premium) 2) 98 (Discount) b. Prepare Amortization tables for both bonds for the first 3 interest payments 1) 103 (Premium) Interest Premium Premium Bond Value Periods Payment ExpenseAmortization Caying Carrying (A-C) 90,000/10OEO 2) 98 (Discount) Discount Discount Bond Carrying Carrying Value Expense (A+C) Amortization | (60,000 / 10) Periods Payment (DC) (E-C)