Notes

Bonds - piece of paper saying we promise to pay you back money usually over a long period of time, with interest paid every 6 months typically in the mean while

Debit the discount on the bond

issuing bond Chart
Semi annual interest period| Interest payment (%)of maturity value| Interest Expense (%) of preeding bond carrying amount| Discount Amortization (interest expense- interest payment)| Discount/ Account Balance (Discount Amrtization- Interest Expense)| Bond Carrying amount (Previous Bond carrying amount- Discount)

reord the adjusting year end journal entry, take the portion of the year for which it applies, i.e 4/6 for Dec 31 with period from Sept 1 - March 1, or i.e 2/6 for March 1 in the period from Sept 1 - March 1
Dr Interest exp
Cr Discount
Cr Interest payable

je issuing bond
Dr Cash
Cr Bond payable
Cr premium

remember the percentages is divided by 2 when it's semi annual

if you get a negative under premium amortization you have gone wrong

je (normal)
Dr Interest exp
Dr premium
Cr Cash