Use the above straight-line bond amortization table and prepare journal entries for the following. (a) The issuance of bonds on January 1. (b) The first interest payment on June 30. (c) The second interest payment on December 31.

General Journal:

• Accounts payable
• Accounts receivable
• Accumulated depreciation
• Bond interest expense
• Bond interest payable
• Bonds payable
• Cash
• Common stock
• Contributed capital in excess of par value
• Depreciation expense
• Discount on bonds payable
• Gain on retirement of bonds payable
• Interest payable
• Lease liability
• Leased asset
• Loss on retirement of bonds payable
• Premium on bonds payable
• Rental expense

Wookie Company issues 10%, five-year bonds, on January 1 of this year, with a par value of $95.000 and semiannual interest payments. Semiannual Period-End January 1, Issuance June 30, first payment December 31, second payment Unamortized Premium $8,011 7,210 6,409 Carrying Value $ 103,011 102,210 101,409 Use the above straight-line bond amortization table and prepare journal entries for the following. a) The issuance of bonds on January 1. b) The first interest payment on June 30. (c) The second interest payment on December 31. View transaction list Journal entry worksheet Record the issuance of the bonds on January 1. Note: Enter debits before credits. Date General Journal Debit Credit January 01 Record entry Clear entry Clear entry View general Journal Wookie Company issues 10%, five-year bonds, on January 1 of this year, with a par value of $95.000 and semiannual interest payments. (0) (1) Semiannual Period-End January 1, issuance June 30, first payment December 31, second payment Unamortized Premium $8,011 7,210 6,409 Carrying Value $ 103,011 102,210 101,409 (2) Use the above straight-line bond amortization table and prepare journal entries for the following. a) The issuance of bonds on January 1. (b) The first interest payment on June 30. c) The second interest payment on December 31. View transaction list Journal entry worksheet Record the first interest payment on June 30. Note: Enter debits before credits Date General Journal Debit Credit June 30 Record entry Clear entry Clear entry View general Journal Wookie Company issues 10%, five-year bonds, on January 1 of this year, with a par value of $95,000 and semiannual interest payments. (0) (1) (2) Semiannual Period-End January 1, Issuance June 30, first payment December 31, second payment Unamortized Premium $8,011 7,210 6,409 Carrying Value $ 103,011 102,210 101,409 Use the above straight-line bond amortization table and prepare journal entries for the following. (a) The issuance of bonds on January 1. b) The first interest payment on June 30. c) The second interest payment on December 31. View transaction list Journal entry worksheet 23 Record the second interest payment on December 31. Note: Enter debits before credits. General Journal Debit Credit Date December 31 Record entry Clear entry View general Journal