Dobbs Company issues 9%, two-year bonds, on December 31, 2017, with a par value of $91,000 and semiannual interest payments.

Semiannual Period-End			Unamortized Discount			Carrying Value
(0)	12/31/2017		$	5,820		$	85,180
(1)	6/30/2018			4,365			86,635
(2)	12/31/2018			2,910			88,090
(3)	6/30/2019			1,455			89,545
(4)	12/31/2019			0			91,000

Use the above straight-line bond amortization table and prepare journal entries for the following. Required: (a) The issuance of bonds on December 31, 2017. (b) The first through fourth interest payments on each June 30 and December 31. (c) Record the maturity of the bonds on December 31, 2019

The issuance of bonds on December 31, 2017.

1

Record the issue of bonds with a par value of $91,000 cash on December 31, 2017.

The first through fourth interest payments on each June 30 and December 31.

• 1

  Record the interest payment and amortization on June 30, 2018.

• 2

  Record the interest payment and amortization on December 31, 2018.

• 3

  Record the interest payment and amortization on June 30, 2019.

• 4

  Record the interest payment and amortization on December 31, 2019.

Record the maturity of the bonds on December 31, 2019.

1

Record the payment on maturity on December 31, 2019.