Exercise 14-6 Straight-Line: Recording bond issuance and premium amortization LO P1, P3 Woodwick Company issues 7%, five-year bonds, on December 31, 2016, with a par value of $106,000 and semiannual interest payments. Semiannual Period-End (0) 12/31/2016 (1) 6/30/2017 (2) 12/31/2017 Unamortized Premium $8,231 7,488 6,585 Carrying Value $114,231 113, 408 112,585 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 View transaction list Journal entry worksheet 2 3 Record the issue of bonds with a par value of $106,000 cash on December 31, 2016. View transaction list Journal entry worksheet View transaction list Journal entry worksheet Record the first interest payment on June 30, 2017 Note: Enter debits before credits. Date Jun 30, 2017 A Debit Credit ANA MA Record entry lear entry View general journal View transaction list Journal entry worksheet