Exercise 10-5 Straight-Line: Recording bond Issuance and discount amortization LO P2 Paulson Company issues 7%, four year bonds, on January 1 of this year, with a par value of $96,000 and semiannual interest payments Unamortized Discount scount Semiannual Period-End January 1, issuance June 30, first payment December 31, second pay Carrying Valu 589, 547 99,17 (2) 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. Cine second interest payment on December 31 View transaction list Journal entry worksheet cord the issue of bonds with a par value of 596.000 cas