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

Semi-Annual Interest Period		Interest Payment			Interest Expense			Amortization			Bond Amortized Cost
Jan. 1, 2021											$392,058
July 1, 2021		$8,200			$9,801			$1,601			393,659
Jan. 1, 2022		8,200			9,841			1,641			395,300
July 1, 2022		8,200			9,883			1,683			396,983

(a)

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Your answer is correct.

Was the bond issued at a premium or discount?

The bond was issued at a discountpremium.

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(b)

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Record the interest payment on July 1, 2021. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Date	Account Titles and Explanation	Debit	Credit
July 1
	(To record interest payment.)