How Do I Calculate?

Paulson Company issues 9%, four-year bonds, on January 1 of this year, with a par value of $101,000 and semiannual interest payments. (0) (1) (2) Semiannual Period-End January 1, issuance June 30, first payment December 31, second payment Unamortized Discount $6,753 5,909 5,065 Carrying Value $94,247 95,091 95,935 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 Journal entry worksheet 1 2 3 Record the issue of bonds with a par value of $101,000 cash January 1. Note: Enter debits before credits. Debit Credit Date January 01 General Journal Cash Discount on bonds payable Bonds payable Record entry Clear entry View general journal Journal entry worksheet Record the first interest payment on June 30. Note: Enter debits before credits. Date General Journal Debit Credit June 30 Record entry Clear entry View general journal Journal entry worksheet