Exercise 10-4 Straight-Line: Recording bond issuance and discount amortization LO P1, P2 Paulson Company issues 7%, four-year bonds, on December 31, 2018, with a par value of $91,000 and semiannual interest payments. Seniannual Period-End (0) 12/31/2018 (1) 6/3 /2019 (2) 12/31/2019 Unamortized Discount $6,553 5,734 4,915 Carrying Value $84,447 85, 266 86,085 Use the above straight-line bond amortization table and prepare journal entries for the following. (a) The issuance of bonds on December 31, 2018 (b) The first interest payment on June 30, 2019 (c) The second interest payment on December 31, 2019. View transaction list Journal entry worksheet 2 3 Record the issue of bonds with a par value of $91,000 cash December 31, 2018. Note: Enter debits before credits. General Journal Debit Credit Date Dec 31, 2018