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Dobbs Company issues 5%, two-year bonds, on December 31, 2019, with a par value of $110,000 and semiannual interest payments. Semiannual Period-End (0) 12/31/2019
Dobbs Company issues 5%, two-year bonds, on December 31, 2019, with a par value of $110,000 and semiannual interest payments. Semiannual Period-End (0) 12/31/2019 (1) 6/30/2020 (2) 12/31/2020 (3) 6/30/2021 (4) 12/31/2021 Unamortized Discount Carrying Value $6,200 $103,800 4,650 105,350 3,100 106,900 1,550 108,450 0 110,000 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 B Required C The issuance of bonds on December 31, 2019. View transaction list Journal entry worksheet < 1 Record the issue of bonds with a par value of $110,000 cash on December 31, 2019. Complete this question by entering your answers in the tabs below. Required A Required B Required 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. Journal entry worksheet < 1 3 3 4 Record the interest payment and amortization on December 31, 2020. Journal entry worksheet < 1 2 4 Record the interest payment and amortization on June 30, 2021. Journal entry worksheet < 1 2 3 Record the interest payment and amortization on December 31, 2021. Complete this question by entering your answers in the tabs below. Required A Required B Required 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.
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