Help B Exercise 14-5 Straight-Line: Recording bond issuance and discount amortization LO P1, P2 Dobbs...
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Help B Exercise 14-5 Straight-Line: Recording bond issuance and discount amortization LO P1, P2 Dobbs Company issues 8%, two-year bonds, on December 31, 2017, with a par value of $108,000 and semiannual interest payments. (0) DOR Semiannual Period-End 12/31/2017 (1) 6/30/2018 (2) 12/31/2018 6/30/2019 (4) 12/31/2019 Un amortized Discount $6,160 4,620 3,080 1,540 0 Carrying Value $101,840 103,380 104,920 106, 460 108,000 (3) int rint Use the above straight-line bond amortization table and prepare journal entries for the following Required: (a) The issuance of bonds on December 31, 2017 (b) The first through fourth interest payments on each June 30 and December 31 (c) Record the maturity of the bonds on December 31, 2019. Complete this question by entering your answers in the tabs below. Required A Required B Required c The issuance of bonds on December 31, 2017 View transaction list The issuance of bonds on December 31, 2017. View transaction list Journal entry worksheet View transaction list Journal entry worksheet Record the interest payment and amortization on December 31, 2018. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31, 2018 Record entry Clear entry View general journal quired A Required B Required C e first through fourth interest payments on each June 30 and December 31. View transaction list Journal entry worksheet Record the interest payment and amortization on June 30, 2019. Note: Enter debits before credits. Date General Journal Debit Credit Jun 30, 2019 Record entry Clear entry View general journal Drou Drk 1 Saved equired A Required B Required C The first through fourth interest payments on each June 30 and December 31. View transaction list Journal entry worksheet







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