Knowledge Check 01 On December 31 Wintergreen, Incorporated, issued $150,000 of 7 percent, 10-year bonds at a price of 93.25 Wintergreen received $139,875 when it issued the bonds (or $150,000 9325). After recording the related entry, Bonds Payable had a balance of $150,000 and Discounts on Bonds Payable had a balance of $10,125. Wintergreen uses the straight-line bond amortization method. The first semiannual interest payment was made on June 30 of the next year. Complete the necessary journal entry for June 30 by selecting the account names from the drop-down menus and entering the dollar amounts in the debit or credit columns. View transaction list Journal entry worksheet On December 31 Wintergreen, Inc., issued $150,000 of 7 percent, 10-year bonds at a price of 93.25. Wintergreen received $139,875 when it issued the bonds (or $150,000 x.9325). After recording the related entry, Bonds Payable had a balance of $150,000 and Discounts on Bonds Payable had a balance of Note: Enter debits before credits. Date June General Journal Debil Credit Journal entry worksheet 1 On December 31 Wintergreen, Inc., issued $150,000 of 7 percent, 10-year bonds at a price of 93.25. Wintergreen received $139,875 when it issued the bonds (or $150,000 x .9325). After recording the related entry, Bonds Payable had a balance of $150,000 and Discounts on Bonds Payable had a balance of Note: Enter debits before credits. Date June 30 General Joumal Debit Credit Record entry Clear entry View general journal Knowledge Check 01 On December 31 Wintergreen, Incorporated, issued $150,000 of 7 percent, 10-year bonds at a discount of $10,125. The bonds pay interest semiannually. Wintergreen uses the straight-line bond amortization method. The entry to record each interest payment includes a debit to Bond Interest Expense for $5,756, a credit to Discount on Bonds Payable for $506, and a credit to Cash for $5,250 At December 31 year 2 the carrying value of the bonds will equal- OSO O $140,887 O $150,000 $160,125