Paulson Company issues 7% four-year bonds, on December 31, 2017, with a par value of S96000 and seniannual interest payment rrying Value (o) 12/31/2017 (1) 6/30/2018 (2) 12/31/2018 56,653 S,821 4,989 $89,347 90,179 91,011 Use the above straight-line bond amortization table and prepare journal entries for the following (a) The issuance of bonds on December 31, 2017 (b) The first interest payment on June 30, 2018. (c) The second interest payment on December 31, 2018. Journal entry worksheet Record the issue of bonds with a par value of $96,000 cash December 31, 2017 Note: Enter debits before credits. Debit Credit Date Dec 31, 2017 Prev 8 of 15 Next>