Harry Gryffindor is the sole shareholder of Harry's Pottery, a wholesale/retail pottery and sculpture shop located in Hogwarts Station, MD. On January 1, 20x7, Harry issues 5-year, 12%, bonds with a par value of $130,000 and semiannual interest payments. Using the amortization table provided below, prepare the appropriate journal entries to record: 1. The issuance of the bonds on January 1, 20x7, 2. The first interest payment on June 30, and 3. The second interest payment ond December 31. Seniannual Period-End (0) January 1, issuance (1) June 30, first payment (2) Decenber 31, second payment Unanortized Discount $7,200 6,480 5,760 Carrying Value $122,800 123,520 124, 240 View transaction list Journal entry worksheet Record the issuance of the bonds Note: Enter debits before credits General Journal Debit Credit Date January 01 HR Saved Harry Gryffindor is the sole shareholder of Harry's Pottery, a wholesale/retail pottery and sculpture shop located in Hogwarts Station, MD. On January 1, 20x7, Harry issues 5-year, 12%, bonds with a par value of $130,000 and semiannual interest payments. Using the amortization table provided below, prepare the appropriate journal entries to record: 1. The issuance of the bonds on January 1, 20x7, 2. The first interest payment on June 30, and 3. The second interest payment ond December 31. Semiannual Period-End Unamortized Discount Carrying Value (0) January 1, issuance $ 7,200 $122,800 (11) June 30, first payment 6,480 123,520 (2) December 31, second payment 5,760 124, 240 View transaction list Journal entry worksheet 1 3 > Record the interest payment and amortization on June 30. Note: Enter debits before credits Date General Journal Debit Credit June 30 ME Saw VIA Harry Gryffindor is the sole shareholder of Harry's Pottery, a wholesale/retail pottery and sculpture shop located in Hogwarts Station, MD. On January 1, 20x7, Harry issues 5-year, 12%, bonds with a par value of $130,000 and semiannual interest payments. Using the amortization table provided below, prepare the appropriate journal entries to record: 1. The issuance of the bonds on January 1, 20x7. 2. The first interest payment on June 30, and 3. The second interest payment ond December 31. Semiannual Period-End (6) January 1, issuance (1) June 30, first payment (2) December 31, second payment Unamortized Discount $7,200 6,480 5,760 Carrying Value $122,800 123,520 124,240 View transaction lint Journal entry worksheet 2 Record the interest payment and amortization on December 31 Note: Enter debits before credits General Journal Date December 31 Debit Credit G Harry Gryffindor is the sole shareholder of Harry's Pottery, a wholesale/retail pottery and sculpture shop located in Hogwarts Station, MD. On January 1, 20x7, Harry issues 5-year, 12%, bonds with a par value of $130,000 and semiannual interest payments. Using the amortization table provided below, prepare the appropriate journal entries to record: 1. The issuance of the bonds on January 1, 20x7, 2. The first interest payment on June 30, and 3. The second interest payment ond December 31. Seniannual Period-End (0) January 1, issuance (1) June 30, first payment (2) Decenber 31, second payment Unanortized Discount $7,200 6,480 5,760 Carrying Value $122,800 123,520 124, 240 View transaction list Journal entry worksheet Record the issuance of the bonds Note: Enter debits before credits General Journal Debit Credit Date January 01 HR Saved Harry Gryffindor is the sole shareholder of Harry's Pottery, a wholesale/retail pottery and sculpture shop located in Hogwarts Station, MD. On January 1, 20x7, Harry issues 5-year, 12%, bonds with a par value of $130,000 and semiannual interest payments. Using the amortization table provided below, prepare the appropriate journal entries to record: 1. The issuance of the bonds on January 1, 20x7, 2. The first interest payment on June 30, and 3. The second interest payment ond December 31. Semiannual Period-End Unamortized Discount Carrying Value (0) January 1, issuance $ 7,200 $122,800 (11) June 30, first payment 6,480 123,520 (2) December 31, second payment 5,760 124, 240 View transaction list Journal entry worksheet 1 3 > Record the interest payment and amortization on June 30. Note: Enter debits before credits Date General Journal Debit Credit June 30 ME Saw VIA Harry Gryffindor is the sole shareholder of Harry's Pottery, a wholesale/retail pottery and sculpture shop located in Hogwarts Station, MD. On January 1, 20x7, Harry issues 5-year, 12%, bonds with a par value of $130,000 and semiannual interest payments. Using the amortization table provided below, prepare the appropriate journal entries to record: 1. The issuance of the bonds on January 1, 20x7. 2. The first interest payment on June 30, and 3. The second interest payment ond December 31. Semiannual Period-End (6) January 1, issuance (1) June 30, first payment (2) December 31, second payment Unamortized Discount $7,200 6,480 5,760 Carrying Value $122,800 123,520 124,240 View transaction lint Journal entry worksheet 2 Record the interest payment and amortization on December 31 Note: Enter debits before credits General Journal Date December 31 Debit Credit G
