mework i Saved Exercise 10-5 Straight-Line: Recording bond issuance and discount amortization LO P2 payments. Paulson Company issues 8%, four-year bonds, on January 1 of this year, with a par value of $108,000 and semiannual interest Semiannual Period-End January 1, issuance June 30, first payment December 31, second payment Unamortized Discount $6,893 6,031 5. 169 Carrying Value $101,107 101,969 102,831 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 Record the issue of bonds with a par value of $108,000 cash January 1. View transaction list Journal entry worksheet Record the issue of bonds with a par value of $108,000 cash January 1. Note: Enter debits before credits Date General Journal Debit Credit January 01 Record entry Clear entrs View general journal View transaction list 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 View transaction list Journal entry worksheet Record the second Interest payment on December 31. Note: Enter debits before credits General Journal Debit Credit December 31 IT Record entry Clear entry View general journal