Question: Please help me answer this accounting assignment. Bond Premium/Discount Amortization: a. Thomas Corp issued $100,000 of 8% 5-year bonds at 98 with interest paid annually.

Please help me answer this accounting assignment.

Bond Premium/Discount Amortization: a. Thomas Corp issued $100,000 of 8% 5-year bonds at 98 with interest paid annually. Show all entries for the bond. What is the relationship between "interest paid" and "interest expense recorded"? b. What if the bonds were issued at 102

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