Question
Exercise 14-6 Straight-Line: Recording bond issuance and premium amortization LO P1, P3 Woodwick Company issues 9%, five-year bonds, on December 31, 2016, with a par
Exercise 14-6 Straight-Line: Recording bond issuance and premium amortization LO P1, P3
Woodwick Company issues 9%, five-year bonds, on December 31, 2016, with a par value of $109,000 and semiannual interest payments.
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.
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Principles of Accounting
Authors: Needles, Powers, crosson
11th Edition
1439037744, 978-1133626985, 978-1439037744
