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will upvote if correct! On January 1,2025, 8onita Industries Inc. issued a $103,000,9% bond due in 10 years with interest payable each January 1 and

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On January 1,2025, 8onita Industries Inc. issued a $103,000,9% bond due in 10 years with interest payable each January 1 and July 1. The effective interest rate is 10%. Click here to view factor tables. (a) - Your answer is partially correct. Determine the discount or premium on the bond. (For calculation purposes, use 5 decimal places as disployed in the foctor table provided, eg. 1.25124 and final answer to 0 decimal places, es. 5,275.) on the bond Prepare the journal entry for the bond issue. (Credit occount titles are automotically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount titles and enter O for the amounts. List debit entry before credit entry)

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