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 $170,000 and semiannual interest payments.

Semiannual Period-End Unamortized Discount Carrying Value

(0) 12/31/2016 $ 8,300 $ 161,700

(1) 6/30/2017 7,470 162,530

(2) 12/31/2017 6,640 163,360

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.