Exercise 14-5 Straight Line: Recording bond issuance and discount amortization LO P1, P2 Dobbs Company issues 9%, two-year bonds, on December 31, 2015, with a par value of $96,000 and semiannual interest payments. Semiannual Period-End Unamortized Discount Carrying Value $5,920 (0) 12/31/2015 $90,080 (1) 6/30/2016 4,440 91,560 (2) 12/31/2016 2,960 93,040 (3) 6/30/2017 1,480 94,520 (4) 12/31/2017 96,000 Use the above straight-line bond amortization table and prepare joumal entries for the following Required: (a)The issuance of bonds on December 31, 2015. view transaction list view general journal General Journal Debit Credit Dec. 31, 2015 Cash 90,080 5,920 Discount on bonds payable 96,000 Bonds payable