Snap Company issues 11%, five-year bonds, on January 1 of this year, with a par value of $120,000 and semiannual interest payments. Carrying Value $ 113,100 113,790 114,480 Semiannual Period-End (0) January 1, issuance (1) June 30, first payment (2) December 31, second payment Unamortized Discount. $ 6,900 6,210 5,520 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.

Snap Company issues 11%, five-year bonds, on January 1 of this year, with a par value of $120,000 and semiannual interest payments. Use the above bond amortization table and prepare joumal 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