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Carolina Co had the following long-term bond related transactions.: . January 1, 2018: Carolina Company issued a 8%, 5 year, $200,000 face value bonds at
Carolina Co had the following long-term bond related transactions.: . January 1, 2018: Carolina Company issued a 8%, 5 year, $200,000 face value bonds at 99. The bonds pay interest Tim semiannually, on June 30 and December 31. Atte . Bond issue costs are immaterial and thus ignored. 2 H . June 30, 2018: Carolina paid interest, amortized discount/premium for the first six months. Assume that Carolina uses the straight-line amortization method for discounts/premiums. . January 1, 2020: Carolina called at 102 all the bonds which were issued on January 1, 2018. 1. The January 1, 2018 bond issue price is $ [ Select ] 2. The entries to record the bond issue on January 1, 2018 include a debit to [ Select ] , and a debit to [ Select ] 3. The entries to record the bond issue on January 1, 2018 include a credit to [ Select ] and a credit
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