Paulson Company issues $6\%,$ four$-$year bonds, on January $1$ of this year, with a par value of $$105,000$ and semiannual interest

payments.

Semiannual Period$-$End

$($e$)$ January $1,$ issuance

$(1)$ June $30,$ first payment

$(2)$ December $31,$ second payment

Unamortized Discount

Carrying value

$$6,833$

$$98,167$

$5,979$

$99,021$

$5,125$

$99,875$

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 $31.$

Journal entry worksheet

Record the issuance of the bonds on January $1.$

Note: Enter debits before credits.