Exercise 10-4 Straight-Line: Recording bond issuance and discount amortization LO P1, P2 Paulson Company Issues 6 % , four -year bonds, on December 31, 2017, with a par value of $110,000 and semiannual Interest payments Semiannual Period-End 12/31/2017 6/38/2018 unanortized Discount $6,933 6,866 s,199 Carrying value $103,067 1e3,934 104,801 (e) (1) (2) 12/31/2018 Book Use the above straight-line bond amortization table and prepare journal entries for the following. Hint (a) The issuance of bonds on December 31, 2017 (b) The first interest payment on June 30, 2018. (c) The second Interest payment on December 31, 2018 Print eferences View transaction list Journal entry worksheet 1 2 > Record the issue of bonds with a par value of $110,000 cash December 31, 2017. Note: Enter debits before credits Date General Journal Debit Credit Dec 31, 2017 Recond entr Chear nry View geeral ma (a) The issuance of bonds on December 31, 2017 (bThe first Interest payment on June 30, 2018. (c) The second Interest payment on December 31, 2018. View transaction list Journal entry worksheet 1 3 Record the interest payment and amortization on June 30, 2018. Note: Enter debits before credits. Date General Journal Debit Credit Jun 30, 2018 Record entry Clear entry View general journal Use the above stralght-llne bond amortizatlon table and prepare Journal entrles for the following. (a) The issuance of bonds on December 31, 2017 b) The first Interest payment on June 30, 2018. (c) The second Interest payment on December 31, 2018 View transaction list Journal entry worksheet