S 10-10 (Algo) 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 $100,000 and semiannual interest payments. Semiannual Period-End (0) January 1, issuance (1) June 30, first payment (2) December 31, second payment Unamortized Discount $ 8,500 7,650 6,800 Carrying Value $ 91,500 92,350 93,200 Use the above bond amortization table and prepare journal entries to record (a) the issuance of bonds on January 1, (b) the first interest payment on June 30, and (c) the second interest payment on December 31. View transaction list View journal entry worksheet No Date General Journal 1 January 01 Cash Discount on bonds payable Bonds payable 2 June 30 Bond interest expense 3 December 31 Bonds payable Cash Bond interest expense Discount on bonds payable Cash Debit Credit 91,500 8,500 100,000