Smith Corporation purchased bonds from Day Corporation on the following terms:
Bond Date			January 1, 20x0
Face Value			$ 30,000,000.00
Maturity			10	years
Stated Rate			7%
Interest Payment			$ 1,050,000.00
Number of interest payments			20
Purchased at a discount with a yield of:			8%
Yield on a six month basis:			4.0%
Discount
		Bond Discount Amortization
Period	Cash Paid	Interest Revenue	Discount Amortized	Carrying Amount of Bonds
January 1, 20x0
July 1, 20x0
December 31, 20x0
July 1, 20x1
End of the Fiscal Year
Dec 31, 20x2
Interest Payment
Held to Maturity
	Interest Receivable
	Debt Investments
		Interest Revenue