price of on January 1, 2020. On January 1, 2020 Turtle Brand receives as for the Turtle Brand issues a $200,000 10 year bond with a stated interest rate of 7% while the market interest rate is $186 410 for the band and will have a balance of $13,590 in the Discount on Bonds Payable account $14,000 in the Discount on Bonds Payable account $13,590 in the Premium on Bonds Payable account 314,000 in the Premium on Bonds Payable account