Paulson Company issues $9\%,$ four$-$year bonds, on January $1$ of this year, with a par value of $$101,000$ and semiannual interest payments.Paulson Company issues $9\%,$ four$-$year bonds, on January $1$ of this year, with a par value of $$101,000$ and semiannual interest

payments.

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 $31.$

Answer is not complete.

Semiannual Period$-$End Unamortized Discount Carrying Value

$(0)$ January $1,$ issuance $ $6,753$ $ $94,247$

$(1)$ June $30,$ first payment $5,90995,091$

$(2)$ December $31,$ second payment $5,06595,935$

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 $31.$