Snap Company issues 14%, five-year bonds, on January 1 of this year, with a par value of $150,000 and semiannual interest payments. Carrying Value $ 142, 200 142,980 143,760 Semiannual Period-End (0) January 1, issuance (1) June 30, first payment (2) December 31, second payment 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 Journal entry worksheet 1 2 3 Record the issuance of the bonds. Date January 01 Note: Enter debits before credits. Unamortized Discount $ 7,800 7,020 6,240 General Journal Debit Credit

Snap Company issues 14%, five-year bonds, on January 1 of this year, with a par value of $150,000 and semiannual interest payments, 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 ( d the second interest payment on December 31 . Journal entry worksheet