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I need in 2 hours please Dobbs Company issues 6%, two-year bonds, on December 31, 2017, with a par value of $94,000 and semiannual interest
I need in 2 hours please
Dobbs Company issues 6%, two-year bonds, on December 31, 2017, with a par value of $94,000 and semiannual interest payments. ( ) Semiannual Period-End 12/31/2017 (1) 6/30/2018 (2) 12/31/2018 (3) 6/30/2019 (4) 12/31/2019 Unamortized Discount $5,880 4,410 2,940 1,470 Carrying Value $88,120 89,590 91,060 92,530 94,000 Use the above straight-line bond amortization table and prepare journal entries for the following. Required: (a) The issuance of bonds on December 31, 2017 (b) The first through fourth interest payments on each June 30 and December 31. (c) Record the maturity of the bonds on December 31, 2019. Journal entry worksheet Record the issue of bonds with a par value of $94,000 cash on December 31, 2017. Note: Enter debits before credits. General Journal Gener Debit Credit Date Dec 31, 2017 Record entry Clear entry View general journal Journal entry worksheet Record the interest payment and amortization on June 30, 2018. Note: Enter debits before credits. General Journal Debit Credit Date Jun 30, 2018 Record entry Clear entry View general journal Journal entry worksheetStep by Step Solution
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