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Dobbs Company issues 5%, two-year bonds, on December 31, 2019, with a par value of $105,000 and semiannual interest payments. Unamortized Discount Semiannual Period-End Carrying
Dobbs Company issues 5%, two-year bonds, on December 31, 2019, with a par value of $105,000 and semiannual interest payments. Unamortized Discount Semiannual Period-End Carrying Value (0) 12/31/2019 (1) (2) 12/31/2020 (3) (4) 12/31/2021 $98,900 100,425 101,950 103,475 105,000 $6,100 4,575 3,050 1,525 6/30/2020 6/30/2021 0 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 Required Required C The issuance of bonds on December 31, 2019. View transaction list Journal entry worksheet > Record the issue of bonds with a par value of $105,000 cash on December 31, 2019. Note: Enter debits before credits. General Journal Credit Date Debit Dec 31 2019 Record entry Clear entry View general journal Dobbs Company issues 5 %, two-year bonds, on December 31, 2019, with a par value of $105,000 and semiannual interest payments Unamortized Carrying Value $ 98,900 Semiannual Period-End Discount (0) 12/31/2019 (1) 6/30/2020 (2) 12/31/2020 (3) 6/30/2021 (4) 12/31/2021 $6,100 4,575 3,050 1,525 0 100,425 101,950 103,475 105,000 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 Required Required A c The first through fourth interest payments on each June 30 and December 31 View transaction list Journal entry worksheet 1 2 3 4 Record the interest payment and amortization on June 30, 2020 Note: Enter debits before credits. Credit Date General Journal Debit Jun 30, 2020 Record entry Clear entry View general journal Dobbs Company issues 5%, two-year bonds, on December 31, 2019, with a par value of $105,000 and semiannual interest payments Unamortized Semiannual Period-End Carrying Value Discount (0) 12/31/2019 (1) 6/30/2020 (2) 12/31/2020 (3) (4) 12/31/2021 $6,100 4,575 3,050 1,525 98,900 100,425 101,950 103,475 105,000 6/30/2021 0 Use the above straight-line bond amortization table and prepare journal entries for the fallowing. Required: (a) The issuance of bonds on December 31, 2019. (b) The first through fourth interest payments on cach 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 Required Required A C Record the maturity of the bonds on December 31, 2021 View transaction list Journal entry worksheet 1 Record the payment on maturity on December 31, 2021 Note: Enter debits before credits Debit Credit Date General Journal Dec 31, 2021 Clear entry Record entry View general journal
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