QS 10-7 Recording bond issuance and discount amortization LO P1, P2 Sylvestor Company issues 10%, five-year bonds, on December 31, 2016, with a par value of $100,000 and semiannual payments Semiannual Period-End (0) 12/31/2016 (1) 6/30/2017 (2) 12/31/2017 Un amortized Discount $ 7,360 6,624 5,888 Carrying Value $92,640 93,376 94,112 Use the above bond amortization table and prepare journal entries to record (a) the issuance of bonds on December 31, first interest payment on June 30, 2017, and (c) the second interest payment on December 31, 2017 Answer is not complete. No Date General Journal Debit Credit 1 Dec 31, 2016 Cash Discount on bonds payable Bonds payable 92,640 7,360 0 100,000 2 Jun 30, 2017 5.000 Bond interest expense Discount on bonds payable 736 4,264 Cash S & 7 8 W E R. S D F. G . . V B. N M Journal entry worksheet $ 4 % 5 8c 7 3 6 8 E R Y U