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ing Enabled: Test #1 Help Save & Exit Submit Submit OS 10-8 Recording bond issuance and discount amortization LO P2 Snap Company issues 12%, five-year bonds, on January 1 of this year, with a par value of $120,000 and semiannual interest payments. Semiannual Period-End Un amortired Discount Carrying Valu (0) January 1, issuance 59.000 $111.000 (1) June 30, first payment 8,100 111.900 December 31, second payment 7.200 112,800 Use the above bond amortization table and prepare journal entries to record () the issuance of bonds on January 1, (b) the first interest payment on June 30, and the second interest payment on December 31 View transaction lit Journal entry worksheet 1 2 3 > Record the issuance of the bonds. Note: Enter debits before credits Date General Journal Debit Credit January 01 Record entry Clear entry View general Journal Snap Company issues 12% five year bonds, on January 1 of this year, with a par value of $120,000 and semiannual interest payments. 103 January 1 an Carrying Valu $111.000 3.100 123 7.700 Use the above bond amortization table and prepare journal entries to record the issuance of bonds on January 1, the first interest payment on June 30, and the second interest payment on December 31 Journal entry worksheet 1 Record the interest payment and amortization on June 30. Entert before credits Date June 30 General Journal Debit Credit Record entry Clear entry View general journal Help Save & Exit Submit OS 10-8 Recording bond issuance and discount amortization LO P2 Snap Company issues 12% five year bonds, on January 1 of this year, with a par value of $120,000 and semiannual interest payments January 1 med Discount Carrying Valu June 30, it payment $111.000 12) December 31, second payment 6.100 111.900 112.800 Use the above bond amortization table and prepare journal entries to record (a) the issuance of bonds on January 1, () the first Interest payment on June 30, and the second interest payment on December 31 View transactions Journal entry worksheet

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