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Instructions General Journal Instructions Bonds Issued at a Discount Brenners Home Club issued the following bonds at e discount: Date of issue and sale: April 1, 20-1 Principal amount: Sale price of bonds: Denomination of bonds: $1,000 Life of bonds Stated rate: 1. Prepare journal entries for: a. Issuance of the bonds at a discount. $470,000 98 10 years 7%, payable semiannually on September 30 and March 31 b. Interest payment and discount amortization on the bonds on September 30. C. Year-end adjustment on the bonds. If an amount box does not require an entry, leave it blank.

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DateAccount ilte and explanatiorn Debit Credit 20-1Apr Cash 9400 Bond Payable (To record bond Payable) Interest expense Cash

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