D. Prepare the Journal entry for the issuance of the bond, subsequent payments of interest and amortization of discounts, and final payment of the principal Illustration #2 - BOND issued @ DISCOUNT Sarish Co. issues $100,000 Bond on Jan 1, 2020, due in 5 years on Dec 31, 2024 with 7% stated interest rate payable annually at year-end. At the time of issue, the market rate for such hones is 9% A. Compute the present value of the bond IV of the principal TV of the interest payments PV (selling price) of the bonds Accounts Date Jan 1, 2020 Debit Credit Dec 31, 2020 B. Interest Computation & Amortization of Discounts or Premium Interest Computation Discount on Bond Payable Dec 31, 2011 Dec 31, 2012 Dec 31, 2003 C. Prepare Blond Amortization Schedule Tec 31, 2014 Bond Amortization Schedule Annual Interest Payment 5.Year, 7 Seated Interest Rand field to Yield market rate of 9 Date Cash Interest Discount Hoods Discount Carrying Paid Expense Amortized Payable Value Jan 1, 2010 Dec 31, 2020 Dec 31, 2021 Dec 31, 20:22 Dec 31, 2023 Dec 31, 2024