For the journal entry at issuance, the difference between the cash proceeds received at issuance and the bond payable liability will be a debit to Discount on Bonds Payable of $13,302. Going forward, the unamortized discount will get smaller each year until maturity. Choose an option below: [Original text] the unamortized discount will get smaller each year until maturity. [Delete Text] amortization will result in debits to the Discount account over time. the bond payable will increase every period until maturity when it is shown at $500,000. the differential between interest expense and interest paid will get smaller each period