Exercise 10-5 Straight-Line: Recording bond issuance and discount amortization LO P2 Paulson Company issues 6%, four-year bonds, on January 1 of this year, with a par value of $105.000 and semiannual interest payments. (0) (1) (2) Sannual Period-End January 1, Issuance June 30, first payment December 31, second payment Un amortized Discount $6,833 5.975 5,125 Carrying Valu 598,167 59,021 99,575 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 (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 1 2 3 Record the issue of bonds with a par value of $105,000 cash January 1. Note: Enter debits before credits General Journal Date January 01 Debit Credit Record entry Clear entry View general Journal e to search O (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