The colson company issued 300,000 of 10% bonds on january 1, 2017. The bonds are due january 1, 2022, with interest payable each july 1 and january 1. The bonds are issued at face value. prepare colsons journal entry for (a) the january issuance, (b) the July 1 interest paymeny, and (c) the december 31 adjusting entry.

assume the bonds in this^^^^^^^ were issued at 98. prepare the journal entries for (a) january 1.

A) cash 294,000

discount on bonds payable 6000

bonds payable 300000

(b) interest expense 15,500

disc on bonds payable 500

cash 15000

and so on. my question is, how is this person finding the 6000 for the discount on bonds payable for (a) as well as the discount on B