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rez replied to CLASS Emotional lomework i Exercise 14-8 (Algo) Straight-Line: Recording bond issuance and...

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Accounting

rez replied to CLASS Emotional lomework i Exercise 14-8 (Algo) Straight-Line: Recording bond issuance and premium amortization LO P3 Wookie Company issues 6%, five-year bonds, on January 1 of this year, with a par value of $102,000 and semiannual interest payments. Semiannual Period-End (0) January 1 , issuance (1) June 30 , first payment (2) December 31, second payment Unamortized Premium $8,151 7,336 6,521 Carrying Value $110,151 109,336 108,521 Use the above straight-line 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. Journal entry worksheet Record the issuance of the bonds on January 1

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