Straight-Line Discount Amortization
Bryan Company issued $660,000 of 12% face value bonds on January 1, 2013, for $633,000. The bonds are due December 31, 2015 and pay interest semiannually on June 30 and December 31. Bryan uses the straight-line amortization method.
Required: Prepare the journal entries to record the issuance of the bonds and the first two interest payments. For a compound transaction, if an amount box does not require an entry, leave it blank or enter "0".