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Problem 10-4B Straight-Line: Amortization of bond discount G P2 Gomez isues 5240,000 of 6K4 year bonds dated Jantary 1, 2021, that pay interest semiansually on

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Problem 10-4B Straight-Line: Amortization of bond discount G P2 Gomez isues 5240,000 of 6K4 year bonds dated Jantary 1, 2021, that pay interest semiansually on June 10 and December 31. They are issued at $198,494 when the market rate is 85 , Instructions: 1. Make all of the joumal entries and post to the T-accounts for the life of the bonds 2. Show the carrying value of the bonds each year Bonds issued at a Discount Controct interest rote

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