Exercise 14-8 (Algo) Straight-Line: Recording bond issuance and premium amortization LO P3 Wookie Company issues 7%, five-year bonds, on January 1 of this year, with a par value of $106,000 and semiannual interest payments. Semiannual Period-End Unamortized Premium Carrying Value (0) January 1, issuance $ 8, 231 $ 114, 231 (1) June 30, first payment 7, 408 113 , 408 (2) December 31, second payment 6,585 112, 585 Use the above straight-line bond amortization table and prepare journal entries for the following. (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 View journal entry worksheet X es No Date General Journal Debit Credit 1 January 01 Cash 114,231 Bonds payable 106,000 Premium on bonds payable 8,231 2 June 30 Bond interest expense 3,710 Premium on bonds payable 823