Answer:
1. 1/01/2017
Dr Bonds receivable	200,000	
Dr Premium on bonds receivable	16,849.76
(216,849.76-200,000)	
Cr Cash 216,849.76
2. Carrying amount of bonds
1/01/2017 216,849.76
1/01/2018 213,859.76
1/01/2019 210,691.35
1/01/2020 207,332.83
1/01/2021 203,772.8
1/01/2022 200,000
3. 31/12/2017
Dr Interest receivable	16,000	
Cr Interest revenue 13,010
Cr Premium on bonds receivable 2,990
Explanation:
1. Preparation of the journal entry at the date of the bond purchase.
1/01/2017
Dr Bonds receivable	200,000	
Dr Premium on bonds receivable	16,849.76
(216,849.76-200,000)	
Cr Cash 216,849.76
2. Preparation of a bond amortization schedule.
Date	Cash received	Interest revenue	Premium amortized	Carrying amount of bonds
 
1/01/2017 216,849.76
1/01/2018	16,000	13,010	2,990 213,859.76
1/01/2019	16,000	12,831.59	3,168.41	210,691.35
1/01/2020	16,000	12,641.48	3,358.52	207,332.83
1/01/2021	16,000	12,439.97	3,560.03	203,772.8
1/01/2022	16,000	12,227.20	3,772.80	200,000
Workings;
1/01/2018
($200,000*8%)=16,000
($216,849.76*6%)=13,010
(16,000-13,010)=2,990
(216,849.76-2,990)=213,859.76
1/01/2019
($200,000*8%)=16,000
(213,859.76*6%)=12,831.59
(16,000-12,831.59)=3,168.41
(213,859.76-3,168.41)=210,691.35
1/01/2020
($200,000*8%)=16,000
(210,691.35*6%)=12,641.48
(16,000-12,641.48)=3,358.52
(210,691.35-3,358.52)=207,332.83
3.Preparation of the journal entry to record the interest revenue and the amortization on December 31, 2017.
31/12/2017
Dr Interest receivable	16,000	
($200,000*8%)
Cr Interest revenue 13,010
($216,849.76*6%)
Cr Premium on bonds receivable 2,990
(16,000-13,010)