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Exercise 10-6 Straight-Line: Recording bond issuance and premium amortization LO P1, P3 points Woodwick Company...

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Exercise 10-6 Straight-Line: Recording bond issuance and premium amortization LO P1, P3 points Woodwick Company issues 10%, five-year bonds, on December 31, 2017, with a par value of $90,000 and semiannual interest payments. Semiannual Period-End (0) 12/31/2017 (1) 6/30/2018 (2) 12/31/2018 Unamortized Premium $7,911 7,120 6.329 Carrying Value $97.911 97.120 96,329 Use the above straight-line bond amortization table and prepare journal entries for the following (a) The issuance of bonds on December 31, 2017 (b) The first interest payment on June 30, 2018 (c) The second Interest payment on December 31, 2018 View transaction list Journal entry worksheet

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