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.

Wookie Company issues 9%, five-year bonds, on January 1 of this year, with a par value of $104,000 and semiannual interest payments. Semiannual Period-End (0) January 1, issuance (1) June 30, first payment (2) December 31, second payment Unamortized Premium $8,191 7,372 Carrying Value $112, 191 111,372 6,553 110,553