Paulson Company issues 7%, four-year bonds, on January 1 of this year, with a par value of $104,000 and semiannual interest payments. Use the above straight-line bond amortization table and prepare joumal 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. Paulson Company issues 7%, four-year bonds, on January 1 of this year, with a par value of $104,000 and semiannual interest payments Use the above straight-tine 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 first interest payment on June 30. Note: Enter debits before credits: Paulson Company issues 7%, four-year bonds, on January 1 of this year, with a par value of $104,000 and semiannual interest payments. Use the above straight-line bond amortization table and prepare joumal 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 second interest payment on December 31. Fote: Enter debits before credits