Exercise $10-8($Static$)$ Straight$-$Line: Recording bond issuance and premium amortization LO P$3$

Wookie Company issues $10\%,$ five$-$year bonds, on January $1$ of this year, with a par value of $$200,000$ and semiannual interest

payments.

Use the above straight$-$line bond amortization table and prepare journal entries for the following.

$($a$)$ The issuance of bonds on January $1.$

$($b$)$ The first interest payment on June $30.$

$($c$)$ The second interest payment on December $31.$

Journal entry worksheet

Record the issuance of the bonds on January $1.$

Note: Enter debits before credits.