Chapter 11, Problem 6DQ

(A)

To determine

Bonds: Bonds are long-term promissory notes that are represented by a company while borrowing money from investors to raise fund for financing the operations.

Discount on bonds: It occurs when the bonds are issued at a low price than the face value.

Premium on bonds: It occurs when the bonds are issued at a high price than the face value.

To identify: The issued price of bonds.

(B)

To determine

To identify: The unamortized amount of discount or premium account at the beginning of the period.

(C)

To determine

To identify: The account that was debited to amortize the discount or premium.