QS 10-7 Recording bond issuance and discount amortization LO P1, P2 Sylvestor Company issues 12%, five-year bonds, on December 31, 2016, with a par value of $130,000 and semiannual interest payments Semiannual Period-End (0) 12/31/2016 6/30/2017 (2) 12/31/2017 Unamortized Discount $ 7,200 6,480 5,760 Carrying Value $122,800 123,520 124,240 Use the above bond amortization table and prepare journal entries to record (a) the issuance of bonds on December 31, 2016; (b) the first interest payment on June 30, 2017, and (c) the second interest payment on December 31, 2017 View transaction list Journal entry worksheet Record the interest payment and amortization on December 31, 2017 Note: Enter debits before credits Date General Journal Debit Credit Dec 31, 2017 Record entry Clear entry View general Journal