Date of bonds: Issued January 1, 2008; maturity date: January 1, 2013; face value: $200,000; face interest rate: 10 percent paid semiannually (5 percent per period); market interest rate: 8 percent (4 percent per semiannual period); issue price: $216,222; bond premium is amortized using the straight-line method of amortization. What is the amount of bond premium amortization for the June 30, 2008, adjusting entry?
What is the carrying value of the bonds on June 30, 2009?