Exercise 10-5 Straight-Line: Recording bond issuance and discount amortization LO P2 Paulson Company issues 9%, four-year bonds, on January 1 of this year, with a par value of $106,000 and semiannual interest payments. Semiannual Period-End Unamortized Discount (0) January 1, issuance Carrying Value $6,853 (1) June 30, first payment 5,996 $ 99,147 100,004 (2) December 31, second payment 5,139 100,861 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. View transaction list Journal entry worksheet Prev Wookle Company issues 7%, five-year bonds, on January 1 of this year, with a par value of $99,000 and semiannual interest payments. Semiannual Period-End Unamortized Premium (0) January 1, issuance $8,091 (1) June 30, first payment 7,282 (2) December 31, second payment 6,473 Carrying Value $107,091 106,282 105, 473 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. View transaction list Journal entry worksheet