Exercise 10-6 Straight-Line: Recording bond issuance and premium amortization LO P1, P3 Woodwick Company issues 696, five-year bonds, on December 31, 2016, with a par value of $93,000 and semiannual interest payments Semiannual Period-End (0) 12/31/2016 (1) 6/30/2017 (2) 12/31/2017 Unamortized Premium $7,971 7,174 6,377 Carrying Value $100,971 100,174 99,377 Use the above straight-line bond amortization table and prepare journal entries for the following (a) The issuance of bonds on December 31, 2016 (b) The first interest payment on June 30, 2017 (c) The second interest payment on December 31, 2017. View transaction list Journal entry worksheet Record the issue of bonds with a par value of $93,000 cash on December 31, 2016 Note: Enter debits before credits. Date General Journal Debit Credit Dec. 31, 2016