Paulson Company issues 8%, four-year bonds, on December 31, 2018, with a par value of $108,000 and semiannual interest payments.

Semiannual Period-End			Unamortized Discount			Carrying Value
(0)	12/31/2018		$	6,893		$	101,107
(1)	6/30/2019			6,031			101,969
(2)	12/31/2019			5,169			102,831

Use the above straight-line bond amortization table and prepare journal entries for the following.

1. (a) The issuance of bonds on December 31, 2018.
2. (b) The first interest payment on June 30, 2019.
3. (c) The second interest payment on December 31, 2019.

Paulson Company issues 8%, four-year bonds, on December 31, 2018, with a par value of $108,000 and semiannual interest payments. Semiannual Period-End (0) 12/31/2018 (1) 6/30/2019 2) 12/31/2019 Unamortized Discount $6,893 6,031 5,169 Carrying Value $101,107 101,969 102,831 Use the above straight-ine bond amortization table and prepare journal entries for the following. (a) The issuance of bonds on December 31, 2018. (b) The first interest payment on June 30, 2019. (c) The second interest payment on December 31, 2019. View transaction list Journal entry worksheet 2 3 Record the issue of bonds with a par value of $108,000 cash December 31, 2018 Note: Enter debits before credits. Date General Journal Debit Credit Dec 31, 2018 Record entry Clear entry View general journal