Exercise 10-8 Straight-Line: Recording bond issuance and premium amortization LO P3 Wookle Company issues 10%, five-year bonds, on January 1 of this year, with a par value of $100,000 and semiannual Interest payments. () (1) (2) Semiannual Period-End January 1, issuance June 30, first payment December 31, second payment Unamortized Premium $8,111 7,3ee 6,489 Carrying Value $108,111 107, 300 106,489 Use the above stralght-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 Record the second interest payment on December 31. Note: Enter debits before credits. Date General Journal Debit Credit December 31 Record entry Clear entry View general journal