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please help ASAP, thanks! Return to question 4 Exercise 14-6 Straight-Line: Recording bond issuance and premium amortization LO P1, P3 Woodwick Company issues 6%, five-year
please help ASAP, thanks!
Return to question 4 Exercise 14-6 Straight-Line: Recording bond issuance and premium amortization LO P1, P3 Woodwick Company issues 6%, five-year bonds, on December 31, 2016, with a par value of $107.000 and semiannual interest payments Ot 15:21 Seminal Period End (0) 12/31/2016 (2) 6/30/2017 (2) 12/31/2017 Untired Premium $8,251 7,426 6,601 Carrying Value $115,251 114,426 113,50 Use the above straight-line bond amortization table and prepare journal entries for the following fa) The issuance of bonds on December 31, 2016 (b) The first interest payment on June 30, 2017 (c) The second interest payment on December 31, 2017 (a) The issuance of bonds on December 31, 2016. (b) The first interest payment on June 30, 2017 (c) The second interest payment on December 31, 2017 Answer is not complete. No Date Debit Credit 1 Dec 31, 2016 General Journal Bonds payable Premium on bonds payable 98,000 8.071 2 Jun 30, 2017 Bond Interest expense Premium on bonds payable Cash OOO 2.133 807 2.940 X 3 Dec 31, 2017 Bond Interest expense Premium on bonds payable Cash 2,133 807 X 2 940 X Step by Step Solution
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