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Dobbs Company issues 9%, two-year bonds, on December 31, 2018, with a par value of $91,000 and semiannual interest payments. Semiannual Period-End (0) 12/31/2018 (1)
Dobbs Company issues 9%, two-year bonds, on December 31, 2018, with a par value of $91,000 and semiannual interest payments. Semiannual Period-End (0) 12/31/2018 (1) 6/30/2019 (2) 12/31/2019 (3) 6/30/2020 (4) 12/31/2020 Unamortized Discount $5,820 4,365 2,910 1,455 Carrying Value $85,180 86,635 88,090 89,545 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, 2018. (b) The first through fourth interest payments on each June 30 and December 31. (c) The maturity of the bonds on December 31, 2020. Complete this question by entering your answers in the tabs below. Required A Required B Required C The issuance of bonds on December 31, 2018. View transaction list Journal entry worksheet Record the issue of bonds with a par value of $91,000 on December 31, 2018. Note: Enter debits before credits. General Journal Debit Credit Date Dec 31, 2018 Record entry Clear entry View general journal Dobbs Company issues 9%, two-year bonds, on December 31, 2018, with a par value of $91,000 and semiannual interest payments. Semiannual Period-End (0) 12/31/2018 (1) 6/30/2019 (2) 12/31/2019 (3) 6/30/2020 (4) 12/31/2020 Unamortized Discount $5,820 4,365 2,910 1,455 @ Carrying Value $85,180 86,635 88,090 89,545 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, 2018 (b) The first through fourth interest payments on each June 30 and December 31. (c) The maturity of the bonds on December 31, 2020. 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 Dobbs Company issues 9%, two-year bonds, on December 31, 2018, with a par value of $91,000 and semiannual interest payments. Semiannual Period-End () 12/31/2018 (1) 6/30/2019 (2) 12/31/2019 (3) 6/30/2020 12/31/2020 Unamortized Discount $5,820 4,365 2,910 1,455 Carrying Value $85,188 86,635 88,096 89,545 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, 2018. (b) The first through fourth interest payments on each June 30 and December 31. (c) The maturity of the bonds on December 31, 2020. 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 Record the interest payment and amortization on December 31, 2019. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31, 2019 Record entry Clear entry View general journal Dobbs Company issues 9%, two-year bonds, on December 31, 2018, with a par value of $91,000 and semiannual interest payments. Semiannual Period-End (0) 12/31/2018 (1) 6/30/2019 (2) 12/31/2019 (3) 6/30/2020 12/31/2020 Unamortized Discount $5,820 4,365 2,910 1,455 Carrying Value $85, 180 86,635 88,090 89,545 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, 2018 (b) The first through fourth interest payments on each June 30 and December 31. (c) The maturity of the bonds on December 31, 2020. 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 Record the interest payment and amortization on June 30, 2020. Note: Enter debits before credits. General Journal Debit Credit Date Jun 30, 2020 Record entry Clear entry View general journal Dobbs Company issues 9%, two-year bonds, on December 31, 2018, with a par value of $91,000 and semiannual interest payments. Semiannual Period-End 12/31/2018 (1) 6/30/2019 (2) 12/31/2019 (3) 6/30/2020 (4) 12/31/2020 Unamortized Discount $5,820 4,365 2,910 1,455 @ Carrying Value $85,180 86,635 88,090 89,545 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, 2018. (b) The first through fourth interest payments on each June 30 and December 31. (c) The maturity of the bonds on December 31, 2020. 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 Record the interest payment and amortization on December 31, 2020. Note: Enter debits before credits. General Journal Debit Credit Date Dec 31, 2020 Record entry Clear entry View general journal Dobbs Company issues 9%, two-year bonds, on December 31, 2018, with a par value of $91,000 and semiannual interest payments. Semiannual Period-End () 12/31/2018 (1) 6/30/2019 (2) 12/31/2019 (3) 6/30/2020 (4) 12/31/2020 Unamortized Discount $5,820 4,365 2,910 1,455 Carrying Value $85,180 86,635 88,090 89,545 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, 2018. (b) The first through fourth interest payments on each June 30 and December 31. (c) The maturity of the bonds on December 31, 2020. 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, 2020. View transaction list Journal entry worksheet Record the payment on maturity on December 31, 2020. Note: Enter debits before credits. General Journal Debit Credit Date Dec 31, 2020 Record entry Clear entry View general journal
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