Exercise 14-5 Straight-Line: Recording bond issuance and discount amortization LO P1, P2 Dobbs Company issues 9%, two-year bonds, on December 31, 2017, with a par value of $104,000 and semiannual interest payments. Semiannual Period-End (0) 12/31/2017 (1) 6/30/2018 (2) 12/31/2018 6/30/2019 (4) 12/31/2019 Unamortized Discount $6,080 4,560 3,040 1, 520 Carrying Value $ 97, 920 99,440 100,960 102,480 104,000 (3) Use the above straight-line bond amortization table and prepare journal entries for the following. Required: (a) The issuance of bonds on December 31, 2017 (b) The first through fourth interest payments on each June 30 and December 31. (c) Record the maturity of the bonds on December 31, 2019. Complete this question by entering your answers in the tabs below. Required A Required B Required The issuance of bonds on December 31, 2017. View transaction list View journal entry worksheet Credit No 1 Date Dec 31, 2017 General Journal Cash Discount on bonds payable Bonds payable Debit 97,920 6,080 104,000 Required A Required B > Required A Required B Required The first through fourth interest payments on each June 30 and December 31. View transaction list View journal entry worksheet Debit Credit No 1 Date Jun 30, 2018 General Journal Bond interest payable Discount on bonds payable Cash Required A Required B Required C Record the maturity of the bonds on December 31, 2019. View transaction list Journal entry worksheet Record the payment on maturity on December 31, 2019. Note: Enter debits before credits. Date General Journal Dec 31, 2019 Debit Credit Record entry Clear entry View general journal