Interest Payment Bond Issued--Discount

Issue one 20 yr bond, face value $1,000, stated rate is 10%, Market rate is 11%

Cash                                 $920.37
Unamortized Bond Discount            $ 79.63
                       Bonds Payable                  $1,000

First Period Payment 

Interest Expense                           $101.24
                  Unamortized Bond Discount                $1.24
                  Cash                                      $100

Second Period Payment 

Interest Expense                           $101.37
                  Unamortized Bond Discount                $1.37
                  Cash                                      $100

Third Period Payment 

Interest Expense                           $101.52
                  Unamortized Bond Discount                $1.52
                  Cash                                      $100