Paulson Company issues 9%, four-year bonds, on January 1 of this year, with a par value of $94,000 and semiannual interest payments. Semiannual Period-End (0) January 1, issuance (1) June 30, first payment (2) December 31, second payment 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. Unamortized Discount $ 6,613 5,786 4,959 Carrying Value $ 87,387 88,214 89,041

Paulson Company issues 9%, four-year bonds, on January 1 of this year, with a par volue of 594,000 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