The following data relate to a $2,000,000, 8% bond issue for a selected semiannual interest period:
Bond carrying amount at beginning of period ...... $2,125,000
Interest paid during period .............. 160,000
Interest expense allocable to the period .......... 148,750
(a) Were the bonds issued at a discount or at a premium?
(b) What is the unamortized amount of the discount or premium account at the beginning of the period?
(c) What account was debited to amortize the discount or premium?