Exercise 14-6 Straight-Line: Recording bond issuance and premium amortization LO P1, P3 Woodwick Company issues 8%, five-year bonds, on December 31, 2016, with a par value of $97,000 and semiannual interest payments. Semiannual Period-End (0) 12/31/2016 (1) 6/30/2017 (2) 12/31/2017 Unamortized Premium $8,051 7,246 6,441 Carrying Value $ 105,051 104,246 103, 441 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. Journal entry worksheet Record the issue of bonds with a par value of $97,000 cash on December 31, 2016. Note: Enter debits before credits. | General Journal Debit Credit Date Dec 31, 2016 Record entry Clear entry View general journal Journal entry worksheet Record the first interest payment on June 30, 2017. Note: Enter debits before credits. General Journal Debit Credit Date Jun 30, 2017 | Record entry Clear entry View general journal Journal entry worksheet Record the second interest payment on December 31, 2017. Note: Enter debits before credits. General Journal Debit Credit Date Dec 31, 2017 Record entry Clear entry View general journal