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 $104,000 and semiannual interest payments. Semiannual Period-End (0) January 1, issuance (1) June 30, first payment (2) December 31, second payment Unamortized Discount $6,813 Carrying Value $97,187 5,961 98,039 5,109 98,891 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: