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cxercise 10-5 Straignt-Line: Recording bond issuance and discount amortization LO P1, P2 Dobbs Company issues 9%, two-year bonds, on December 31, 2017, with a par
cxercise 10-5 Straignt-Line: Recording bond issuance and discount amortization LO P1, P2 Dobbs Company issues 9%, two-year bonds, on December 31, 2017, with a par value of $91,000 and semiannual Interest p Semiannual Period-End (e) 12/31/2017 (1) 6/30/2018 (2) 12/31/2018 (3) 6/30/2019 (4) 12/31/2019 Unamortized Discount $5,820 4,365 2,910 1,455 Carrying Value $85, 180 86,635 88, 890 89,545 91,000 Use the above straight-line bond amortization table and prepare journal entries for the following. Required: (a) The issuance of bonds on December 31, 2017 (b) The first through fourth interest payments on each June 30 and December 31. (c) Record the maturity of the bonds on December 31, 2019. Complete this question by entering your answers in the tabs below. Required A Required B Required Journal entry worksheet Record the issue of bonds with a par value of $91,000 cash on December 31, 2017. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31, 2017 Record entry Clear entry View general journal Required A Required B Required c The first through fourth interest payments on each June 30 and December 31. View transaction list x 1 Record the interest payment and amortization on June 30, 2018. 2 Record the interest payment and amortization on December 31, 2018 3 Record the interest payment and amortization on June 30, 2019. Credit 4 Record the interest payment and amortization on December 31, 2019. Required A Required B Required C Record the maturity of the bonds on December 31, 2019. View transaction list Journal entry worksheet
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