Yale Corporation issued to Zap Corporation $90,000, 8% (cash interest payable semiannually on June 30 and December 31) 10-year bonds dated and sold on January 1, 2020. Assume that the company uses the effective interest amortization method. If the bonds were sold to yield 9%, show how the bonds and related accounts would be presented on the balance sheet as of June 30, 2020.

Bonds Payable 90,000 Discount on Bonds Payable ?? Bonds payable, net ??