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, 2017.
(c) Record the adjusting entry on December 31, 2017.
(d) Record the interest payment on January 1, 2018.

Bond Amortized Cost $286,872 288,044 289,245 290,476 Semi-Annual Interest Period Interest Payment Interest Expense Amortization Jan. 1, 2017 July 1, 2017 Jan. 1, 2018 July 1, 2018 $6,000 6,000 6,000 $7,172 7,201 7,231 $1,172 1,201 1,231

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