Paulson Company issues $7\%,$ four$-$year bonds, on January $1$ of this year, with a par value of $$104,000$ and semiannual interest payments. Journal entry worksheet

$1$

$3$

Record the first interest payment on June $30.$

Note: Enter debits before credits.

Semiannual Period$-$End Unamortized Discount Carrying Value

$(0)$ January $1,$ issuance $ $6,813$ $ $97,187$

$(1)$ June $30,$ first payment $5,96198,039$

$(2)$ December $31,$ second payment $5,10998,891$

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 Journal entry worksheet

Record the second interest payment on December $31.$

Note: Enter debits before credits.