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Dobbs Company issues 7%, two-year bonds, on December 31, 2019, with a par value of $93,000 and semiannual interest payments. Use the straight-line bond amortization
Dobbs Company issues 7%, two-year bonds, on December 31, 2019, with a par value of $93,000 and semiannual interest payments.
Dobbs Company issues 7%, two-year bonds, on December 31, 2019, with a par value of $93,000 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 Un amortized Discount $5,860 4,395 2.930 1,465 Carrying Value $87, 148 88,605 99,070 91,535 93, eee 4:42:16 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 Required A Required B 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 $93,000 cash on December 31, 2019 Note: Enter debits before credits Date General Journal Debit Credit Dec 31, 2019 Record entry Clear entry View general Journal Required A Required B Required The first through fourth interest payments on each June 30 and December 31. ats View transaction list 04:4146 Journal entry worksheet eBook Use the straight-line bond amortization table and prepare journal entries for the following.
(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.
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