Straight$-$line Amortization $(0\mathrm{.}2$ pt$/$each$)$

A company issues a $$100,000,9\%$ bond on Jan. $1,2021,$ due in $5$ years. The bond interest payments are June $30$ and Dec. $31$ of each year. Assuming the market interest rate on the issue date is $8\%.$ The bonds will issue at $$104,100.$

Record the bond issue on January $1,2021.$

$\backslash$table$[[$Date$,$Account description,Debit,Credit$],[\frac{1}{1},,,],[,,,],[,,,]]$

Balance Sheet

Bond Payable

Bond premium

Carrying value of this bond