116. Describe the journal entries required to record the issuance of bonds and the payment of bond interest. 117. Explain the amortization of a bond discount. Identify and describe the...

116. Describe the journal entries required to record the issuance of bonds and the payment of bond interest.

117. Explain the amortization of a bond discount. Identify and describe the amortization methods available.

118. How are bond issue prices determined?

119. Explain how a bond premium is amortized. Identify and describe the amortization methods available.