QS 14-8 Recording bond issuance and discount amortization LO P2 Snap Company issues 10%, five-year bonds, on January 1 of this year, with a par value of $110,000 and semiannual interest payments. (0) (1) Semiannual Period-End January 1, issuance June 30, first payment December 31, second payment Unamortized Discount $8,200 7,380 6,560 Carrying Value $101, 800 102,620 103, 440 (2) Use the above bond amortization table and prepare journal entries to record (@) the issuance of bonds on January 1. (b) the first interest payment on June 30, and the second interest payment on December 31 View transaction list Journal entry worksheet 2 3 Record the issuance of the bonds. Note: Enter debits before credits 8 Date General Journal Debit Credit January 01 Rita Balar -Go C planu Espec Mail po QS 14-11 Bond retirement by stock conversion LO P4 On January 1, the $4,650,000 par value bonds of Spitz Company with a carrying value of $4,650,000 are converted to 1.550.00 shares of $1 par value common stock. Record the entry for the conversion of the bonds. View transaction list Journal entry worksheet