Saylor Co. sold $3,000,000, 8%, 10-year bonds on January 1, 2017. The bonds were dated January 1, 2017, and pay interest on January 1. The company uses straight-line amortization on bond premiums and discounts. Financial statements are prepared annually. a. Prepare the journal entries to record the issuance of the bonds assuming they sold at: (1) 103 and (2) 98. b. Prepare an amortization table for issuance of the bonds sold at 103 for the first three interest payments. c. Prepare an amortization table for issuance of the bonds sold at 98 for the first three interest payments. d. Prepare the journal entries to record interest expense for 2017 under both of the bond issuances assuming they sold at: (1) 103 and (2) 98.

Please do not copy from chegg otherwise i have to report the answer. Explain the answer throughly with showing each step of the calculation.