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Dobbs Company issues 9%, two-year bonds, on December 31, 2021, with a par value of $96,000 and semiannual Interesyments. Semiannual Period-End (0) 12/31/2021 (1)
Dobbs Company issues 9%, two-year bonds, on December 31, 2021, with a par value of $96,000 and semiannual Interesyments. Semiannual Period-End (0) 12/31/2021 (1) 6/30/2022 (2) 12/31/2022 (3) (4) 6/30/2023 12/31/2023 Unamortized Discount! $ 5,920 4,440 2,960 1,480 0 Carrying Value $ 90,080 91,560 93,040 94,520 96,000 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 General Journal Debit Credit December 31, 2021 Dobbs Company issues 9%, two-year bonds, on December 31, 2021, with a par value of $96,000 and semiannual interestyments. Semiannual Period-End (0) 12/31/2021 (1) 6/30/2022 (2) 12/31/2022 (3) (4) 6/30/2023 12/31/2023 Unamortized Discount $ 5,920 4,440 2,960 1,480 0 Carrying Value $ 90,080 91,560 93,040 94,520 96,000 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 first through fourth interest payments on each June 30 and December 31. View transaction list View journal entry worksheet No Date General Journal 1 June 30, 2022 Premium on bonds payable Cash December 31, 2 2022 Bond interest expense Premium on bonds payable Cash Debit Credit 1,350 22,500 21,150 1,359 22,500 1 141 Dot Company boson December 3, 2021%, w The first through the payments on each June 30 and Oember 31 hemanity of the bonds on December 21, 2003 Journal entry worksheet 2 180 8: 2 2 + A 7 2 3 4 55 3 6 47 7 8 9 Q W E R T Y U A S D F G H J
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