Snap Company issues 10%, five-year bonds, on January 1 of this year, with a par value of $200,000 and semiannual interest payments.

Semiannual Period-End Unamortized Discount Carrying Value

(0) January 1, issuance $ 8,400 $ 191,600

(1) June 30, first payment 7,560 192,440

(2) December 31, second payment 6,720 193,280

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.

QS 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 $200.000 and semiannuat interes paymerts Use the above bond amortization table and prepare journal entries to record (a) the issuance of bonds on january 1 , (G) tie finat interest payment on June 30, and (c) the second interest payment on December 31