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Dobbs Company issues 5%, two-year bonds, on December 31, 2017, with a par value of $100,000 and semiannual interest payments. Semiannual Period-End Unamortized Discount Carrying
Dobbs Company issues 5%, two-year bonds, on December 31, 2017, with a par value of $100,000 and semiannual interest payments.
Semiannual Period-End | Unamortized Discount | Carrying Value | ||||||
(0) | 12/31/2017 | $ | 6,000 | $ | 94,000 | |||
(1) | 6/30/2018 | 4,500 | 95,500 | |||||
(2) | 12/31/2018 | 3,000 | 97,000 | |||||
(3) | 6/30/2019 | 1,500 | 98,500 | |||||
(4) | 12/31/2019 | 0 | 100,000 | |||||
I need the journal entries for the first through fourth interest payments on each June 30 and December 31. FOUR TOTAL! :)
2 3 4 Record the interest payment and amortization on June 30, 2018. Note: Enter debits before credits. General Journal Debit Credit Date Jun 30, 2018Step by Step Solution
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