For each of the following situations, calculate the amount of bond discount or premium, if any: a.

Question:

For each of the following situations, calculate the amount of bond discount or premium, if any:
a. Jones Co. issued $120,000 of 6 percent bonds at 101.
b. Jude, Inc., issued $80,000 of 10-year, 8 percent bonds at 98.
c. James, Inc., issued $200,000 of 15-year, 9 percent bonds at 102¼.
d. Jolly Co. issued $400,000 of 20-year, 8 percent bonds at 99¾.