Paulson Company issues 7%, four-year bonds, on January 1 of this year, with a par value of $96,000 and semiannual interest payments. (0) (1) (2) Semiannual Period-End January 1, issuance June 30, first payment December 31, second payment Unamortized Discount $6,653 5,821 4,989 Carrying Value $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 January 1 (b) The first interest payment on June 30. (c) The second interest payment on December 31. View transaction list Journal entry worksheet 1 2 3 Record the issue of bonds with a par value of $96,000 cash January 1. Note: Enter debits before credits Date General Journal Debit Credit January 01 Record the first interest payment on June 30. Note: Enter debits before credits. Date General Journal June 30 Record the second interest payment on December 31. Note: Enter debits before credits. Date General Journal December 31 MAMAMAGITAN la Record entry Clear entry Possible Fill Ins are: Accounts payable Accounts receivable Accumulated depreciation Bond interest expense Bond interest payable Bonds payable Cash Common stock Contributed capital in excess of par value Depreciation expense Discount on bonds payable Gain on retirement of bonds payable Lease liability Leased asset Loss on retirement of bonds payable Premium on bonds payable Rental expense