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Exercise 10-8 (Algo) Straight-Line: Recording bond Issuance and premium amortization LO P3 Wookie Company issues...

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Accounting

Exercise 10-8 (Algo) Straight-Line: Recording bond Issuance and premium amortization LO P3 Wookie Company issues 10%, five-year bonds, on January 1 of this year, with a par value of $100,000 and semiannual interest payments. Semiannual Period-End (8) January 1, issuance (1) June 30, first payment (2) December 31, second payment Use the above straight-line bond amortization table and prepare journal entries for the following. Unamortized Premium (a) The issuance of bonds on January 1. (b) The first interest payment on June 30. (c) The second interest payment on December 31. Carrying Value $ 108,111 107,300 106,489 $8,111 7,300 6,489
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Exerclse 10-8 (Algo) Stralght-Line: Recording bond issuance and premlum amortization LO P3 Wookie Company issues 10%, five-year bonds. on January 1 of this year, with a par value of $100,000 and semiannual interest payments. Use the above straight-fine bond amortization table and prepare journal entries for the following (a) The issuance of bonds on January 1. (b) The first interest payment on June 30 (c) The second interest payment on December 31

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