Answer:
premium on bonds payable 12,000
Explanation:
proceeds: 35,800
face value (23,000)
premium 12,800
Amortization on premium under straight-line method:
It will be the same for each payment. It will be equally distributed among the interest payment.
premium / total payment
12,800 / 16 = 800 amortization per payment
June 30th, 2019
the premium takes an amortization for 800
so their balance is 12,800 - 800 = 12,000