Sealon Corporation issued $100,000 of 10%, 10-year bonds at 102 on April 1, 2003. Interest is payable semiannually on April 1 and October 1. Sealon Corporation uses the calendar year for financial reporting. 1. Record the necessary entries to account for these bonds on the following three dates. (Use the straight-line method to amortize the bond premium.)

a. April 15.2003:

b. October 1, 2003.

c. December 31, 2003. 2. Show how the bonds would be reported on the balance sheet of Sealon Corporation on December 31, 2003.