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Check my work QS 14-8 Recording bond issuance and discount amortization LO P2 4.54 points Snap Company issues 11%, five-year bonds, on January 1 of this year, with a par value of $120,000 and semiannual interest payments. Skipped (0) (1) (2) Semiannual Period-End January 1, Issuance June 30, first payment December 31, second payment Un amortized Discount $6,900 6,210 5,520 Carrying Value $113,100 113,790 114.480 Use the above bond amortization table and prepare journal entries to record (a) the issuance of bonds on January 1, (b) the first interest payment on June 30, and the second Interest payment on December 31. View transaction list Journal entry worksheet 2 3 Record the issuance of the bonds. Note: Enter debits before credits Date General Journal Debit Credit January 01 Check my work QS 14.8 Recording bond issuance and discount amortization LO P2 4.54 points Snap Company issues 11%, five-year bonds, on January 1 of this year, with a par value of $120,000 and semiannual interest payments. Skipped (0) (1) (2) Semiannual Period-End January 1, issuance June 30, first payment December 31, second payment Unamortized Discount $6,900 6,210 5,520 Carrying Value $113,100 113,790 114,480 eBook Use the above bond amortization table and prepare journal entries to record (a) the issuance of bonds on January 1. (b) the first interest payment on June 30, and the second interest payment on December 31. Hint View transaction list Journal entry worksheet Print Record the interest payment and amortization on June 30. References Note: Enter debits before credits. Date General Journal Debit Credit June 30 CHLAMY Work QS 14-8 Recording bond issuance and discount amortization LO P2 4.54 Snap Company issues 11%, five year bonds, on January 1 of this year, with a par value of $120,000 and semiannual interest payments. points Skoped (0) 1 (2) Semiannual Period-End January 1, issuance June 30, first payment December 31, second payment mortized Discount $6,900 6,210 5,520 Carrying Value $113, 100 113,790 114,480 eBook Use the above bond amortization table and prepare journal entries to record (a) the issuance of bonds on January 1, (b) the first interest payment on June 30, and the second interest payment on December 31. View transaction list Ask Journal entry worksheet Print Record the interest payment and amortization on December 31. References Note: Enter debits before credits Date General Journal Debit Credit December 31