Question: A partial bond amortization schedule for Chiasson Corp. is provided below. Chiasson has a December 31 year end. (a) Was the bond issued at a

A partial bond amortization schedule for Chiasson Corp. is provided below. Chiasson has a December 31 year end.

(a) Was the bond issued at a premium or discount?
(b) Record the interest payment on July 1, 2014.
(c) Record the adjusting entry on December 31, 2014.
(d) Record the interest payment on January 1, 2015

Semi-Annual Interest Period Bond Interest PaymentInterest ExpenseAmortization Amortized Cost Jan. 1, 2014 July 1, 2014 Jan. 1, 2015 July 1, 2015 $6,000 6,000 6,000 $7,172 7,201 7,231 $1,172 1,201 1,231 $286,872 288,044 289,245 290,476

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