Exercise $14-5$Straight$-$Line:Recording bond issuance and discount amortizationP$2$Exercise $14-6$Straight$-$Line:Recording bond issuance and discount amortizationP$2$Exercise $14-7$Straight$-$Line:Amortization table and bond interest expenseP$2$Exercise $14-8$Straight$-$Line:Recording bond issuance and premium amortizationP$3$Exercise $14-9$Straight$-$Line:Amortization ofbond oremiumP$3$Exercise $14-10$Bond retirement by call optionPAChapter $14$ Long$-$Term LiabilitiesPaulson Company issues $6\%,$ four$-$year bonds, on January $1$ of this year, with a par value of $$200,000$ and semiannual interest payments. Use the following bond amortization table and prepare journal entries io record $($a$)$ the issuance of bonds on January $1,($b$)$ the first interest payment on June $30,$ and $($c$)$ the second interest payment on December $31.$Semiannual Period$-$EndUnamortized DiscountCarrying Value$(0)$ January $1,$ issuance$(1)$ June $30,$ first payment.$(2)$ December $31,$ second payment$$13,46611\mathrm{.}78210\mathrm{.}098$$$186\mathrm{.}534188\mathrm{.}218189\mathrm{.}902$Dobbs Company issues $5\%,$ two$-$year bonds, on December $31,2021,$ with a par value of $$200,000$ and semiannual interest payments. Use the following bond amortization table and prepare journal entries to record $($a$)$ the issuance of bonds on December $31,2021$; $($b$)$ the first through fourth interest payments on each June $30$ and December $31$; and $($c$)$ the maturity of the bonds on December $31,2023.$Semiannual Period$-$EndUnamortized DiscountCarrying Value$(0)12/31/2021(1)6/30/2022(2)12/31/2022(3)6/30/2023(4)12/31/2023$$$12,0009\mathrm{.}0006,0003\mathrm{.}000$$$188,000191,000194\mathrm{.}000197,000200,000$Duval Co$.$ issues four$-$year bonds with a $$100,000$ par value on January $1,2021,$ at a price of $$95,952.$ The annual contract rate is $7\%,$ and interest is paid semiannually on June $30$ and December $31\mathrm{.}1.$ Prepare a straight$-$line amortization table like Exhibit $14\mathrm{.}7$ for these bonds$\mathrm{.}2.$ Prepare journal entries to record the first two interest payments$\mathrm{.}3.$ Prepare the journal entry for maturity of the bonds on December $31,2024($assume semiannual interestis already recorded$).$Wookie Company issues $10\%,$ five$-$year bonds, on January $1$ of this year, with a par value of $$200,00$ and semiannual interest payments. Use the following bond amortization table and prepare journal entries g record $($a$)$ the issuance of bonds on January $1,($b$)$ the first interest payment an June $30,$ and $($c$)$ the second interest payment on December $31.$Semiannual Period$-$EndUnamortized Premium$(0)$ January $1,$ issuance.$(1)$ June $30,$ first payment...$(2)$ December $31,$ second payment$$16,22214\mathrm{.}60012,978$Carrying Value$$216\mathrm{.}222214\mathrm{.}600212,978$Quatro So issues bonds dared January $1,2021,$ with a par value of $$5400\mathrm{.}000.$ The bonds' annual coned yalers The annd inerest is paid semiannually on June $30$ and December $00.$ The bonds mature into years. The annual market rate at the date of issuance is $12\%,$ and the bonds are sold for $$409,850\mathrm{.}1.$ What is the amount of the premium on these bonds at issuance?$2.$ How much total bond interest expense will be recognized over the life of these bonds?$3.$ Prepare a straight$-$line amortization table like Exhibit $14.11$ for these bonds.