Dobbs Company issues 5%, two-year bonds, on December 31, 2019, with a par value of $200,000 and semiannual interest payments. Seniannual Period-End Unatortized Discount () 12/31/2019 $12,000 (1) 6/30/2020 9,000 (2) 12/31/2820 6,080 (3) 6/30/2021 3,00e (4) 12/31/2021 Carrying Value $188,888 191,000 194,000 197, zee,aee Use the above straight-line bond amortization table and prepare journal entries for the following. Required: (a) The issuance of bands on December 21, 2019 The first through fourth interest payments on each June 30 and December 31 (c) Record the maturity of the bonds on December 31, 2021. Complete this question by entering your answers in the tabs below. Required A Required Required The first through fourth interest payments on each June 31. View transaction lit Journal entry worksheet Record the interest payment and amortization on June 30, 2020. Nate: Enter debit before credits General Journal Debi Credit Date Jun 30, 2020 Record entry Clear entry View generalumal Exercise 10-6 Straight-Line: Recording bond issuance and discount amortization LO P2 Dobbs Company issues 5%, two-year bonds, on December 31, 2019, with a par value of $200,000 and semiannual interest payments, Semiannual Period-End Unamortized Discount Carrying Value (@) 12/31/2019 $12,000 $188,000 (1) 6/30/2020 9,000 191,00 (2) 12/31/2020 6,989 194,000 (3) 6/30/2021 3,000 197,000 (4) 12/31/2021 200,000 Use the above straight-line bond amortization table and prepare journal entries for the following. Required: (a) The issuance of bonds on December 31, 2019 (b) The first through fourth interest payments on each June 30 and December 31 (c) Record the maturity of the bonds on December 31, 2021 Complete this question by entering your answers in the tabs below. Required A Required Required Record the maturity of the bonds on December 31, 2021. View transaction list Journal entry worksheet Note: Enter debits before credits General Journal Debit Credit Date June 30, 2019 Record entry Clear entry View general journal Required information Exercise 10-7 Straight-Line: Amortization table and bond interest expense LO P2 {The following information applies to the questions displayed below) Duval Co. Issues four-year bonds with a $100.000 par value on January 1, 2019, at a price of $95.952. The annual contract rate is 7%, and interest is paid semiannually on June 30 and December 31 Exercise 10-7 Part 2 2. Prepare joumal entries to record the first two interest payments. View transaction list Journal entry worksheet 2 Record the interest payment and discount amortization on December 31, 2019. Note: Enter debits before credits General Journal Debi Credit Date December 31, 2019 Record entry Clear entry View general Journal Required information Exercise 10-7 Straight Line: Amortization table and bond interest expense LO P2 [The following information applies to the questions displayed below! Duval Co. Issues four-year bonds with a $100.000 par value on January 1, 2019, at a price of 595,952. The annual contract rate is 7% and interest is paid semiannually on June 30 and December 31 Exercise 10-7 Part 3 3. Prepare the journal entry for maturity of the bonds on December 31, 2022 (assume semiannual interest is already recorded). View transaction list Journal entry worksheet 1 Record the entry for payment of the bonds at maturity. (Assume semiannual interest is already recorded). Note: Enter debits before credits General Journal Debit Credit Date Dec 31, 2022 Record entry Clearly View general journal