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Dobbs Company Issues 6%, two-year bonds, on December 31, 2021, with a par value of $106,000 and semiannual interest payments. Unamortized Discount Semiannual Period-End
Dobbs Company Issues 6%, two-year bonds, on December 31, 2021, with a par value of $106,000 and semiannual interest payments. Unamortized Discount Semiannual Period-End (e) (1) 12/31/2021 6/30/2022 (2) 12/31/2022 (3) (4) 6/30/2023 12/31/2023 $ 6,120 4,590 3,060 1,530 e Carrying value $ 99,880 101,410 102,940 104,470 106,000 Use the above straight-line bond amortization table and prepare journal entries for the following (a) The Issuance of bonds on December 31, 2021. (b) The first through fourth Interest payments on each June 30 and December 31. (c) Record the maturity of the bonds on December 31, 2023. Complete this question by entering your answers in the tabs below. Required A Required B Required C The issuance of bonds on December 31, 2021. View transaction list Journal entry worksheet 1 Record issuance of the bonds. Note: Enter debits before credits. Date December 31, 2021 General Journal Debit Credit View general journal Record entry Clear entry Required B >
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