4 Exercise 10-8 (Algo) Straight-Line: Recording bond issuance and premium amortization LO P3 Wookie Company issues 7%, five-year bonds, on January 1 of this year, with a par value of $94,000 and semiannual interest payments. Semiannual Period-End 5 ints (e) January 1, issuance (1) June 30, first payment (2) December 31, second payment eBook Unamortized Premium $ 7,991 7,192 6,393 Carrying Value $ 101,991 101,192 100,393 Use the above straight-line bond amortization table and prepare journal entries for the following. (a) The issuance of bonds on January 1. Him (b) The first interest payment on June 30. Print (c) The second interest payment on December 31. View transaction list Journal entry worksheet References < 1 2 Mc Graw Mil Record the issuance of the bonds on January 1. Note: Enter debits before credits Date January 01 General Journal Debit Credit < Prev 14 of 22 Next >