Paulson Company issues 9%, four-year bonds, on January 1 of this year, with a par value...

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Paulson Company issues 9%, four-year bonds, on January 1 of this year, with a par value of $101,000 and semiannual interest payments. Semiannual Period-End (0) January 1, issuance (1) June 30, first payment (2) December 31, second payment Unamortized Discount $ 6,753 Carrying Value $ 94,247 95,091 95,935 5,909 5,065 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. Paulson Company issues 9%, four-year bonds, on January 1 of this year, with a par value of $101,000 and semiannual interest payments. Semiannual Period-End (0) January 1, issuance (1) June 30, first payment (2) December 31, second payment Unamortized Discount $ 6,753 Carrying Value $ 94,247 95,091 95,935 5,909 5,065 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.

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Answer Paulson Company Journal Entries Given Bond Par Value 101000 Unamortized Discount at Issuance ... View the full answer