Exercise 14-5 Straight-Line: Recording bond issuance and discount amortization LO P2 4.54 points Paulson Company issues 9%, four-year bonds, on January 1 of this year, with a par value of $94,000 and semiannual interest payments. Skipped Semiannual Period-End January 1, issuance June 30, first payment December 31, second payment Samortized Discount 56.613 5,786 4.959 Carrying Value $87,387 89.214 89,041 (2) eBook Use the above straight line bond amortization table and prepare Journal entries for the following. Hint (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 References Record the issue of bonds with a par value of $94,000 cash January 1. Note: Enter debits before credits Date January 01 General Joumal Debit Credit - Check my work Exercise 14-5 Straight-Line: Recording bond issuance and discount amortization LO P2 4.54 points Paulson Company issues 9%, four-year bonds, on January 1 of this year, with a par value of $94,000 and semiannual interest payments. Skipced (0) (1) 12) Semiannual Period-End January 1, issuance June 30, first payment December 31, second payment Un amortized Discount $6,613 5,786 4,959 Carrying Value $87,387 88,214 89,041 eBook Use the above straight-line bond amortization table and prepare journal entries for the following, Hint (a) The issuance of bonds on January 1. (b) The first interest payment on June 30. (c) The second interest payment on December 31. Ask View transaction list Journal entry worksheet References Record the first interest payment on June 30. Note: Enter debts before credits General Journal Date June 30 Debit Credit CH14: HW Help saved EM SUUM Check my work Exercise 14-5 Straight-Line: Recording bond issuance and discount amortization LO P2 4.54 points Paulson Company issues 9%, four-year bonds, on January 1 of this year, with a par value of $94,000 and semiannual interest payments. Skipped (1) Semiannual Period-End January 1, issuance June 30, first payment December 31, second payment Unamortized Discount $6,613 5,786 4.959 Carrying Value SB7,387 88,214 89,041 (2) eBook Use the above straight-line bond amortization table and prepare journal entries for the following Hint (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 Print Journal entry worksheet