Answer:
1) CR Cash/Bank $51,229.35 , DR Bonds Receivable Account $50,000 and DR Premium on Bond Payable Account.
(2) Please see attached for Investment Interest Income Amortization Schedule
(3) Recording of Interest Received
June 30, 2019
CR Income statement (Interest Received) -$3,000, CR Premium on Bond Receivable $250
December 31, 2021
CR Income Statement (Interest Received) -$2915.44
Explanation:
(1) CR Cash/Bank $51,229.35 , DR Bonds Receivable Account $50,000 and DR Premium on Bond Payable Account.
(2) Please see attached for Investment Interest Income Amortization Schedule
(3) Recording of Interest Received
June 30, 2019
CR Income statement (Interest Received) -$3,000, CR Premium on Bond Receivable $250
December 31, 2021
CR Income Statement (Interest Received) -$2915.44