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Help Exercise 10-6 Straight-Line: Recording bond issuance and premium amortization LO...

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Exercise 10-6 Straight-Line: Recording bond issuance and premium amortization LO P1, P3 Woodwick Company issues 10%, five-year bonds, on December 31, 2015, with a par value ot S200,000 and semaannual interest payments Semiannual Period- End Discount Carrying Value (0) 12/31/2015 $ 16,222$ 216,222 (1) 6/30/2016 (2) 12/31/2016 14,600 12,978 214,600 212,978 Use the above straight-line bond amortization table and prepare journal entries for the following (a) The issuance of bonds on December 31, 2015 (b) The first interest payment on June 30, 2016 (c) The second interest payment on December 31, 2016 View transaction list Journal entry worksheet Record the issue of bonds with a par value of $200,000 cash on December 31 2015. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31, 2015 Record entry Clear entry View general journal 0 Type here to search

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