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Woodwick Company issues 6%, five-year bonds, on December 31, 2012, with a par value of $102,000 and semiannual interest payments. Semiannual Period-End Unamortized Premium Carrying
Woodwick Company issues 6%, five-year bonds, on December 31, 2012, with a par value of $102,000 and semiannual interest payments. |
Semiannual Period-End | Unamortized Premium | Carrying Value | ||||||
(0) | 12/31/2012 | $ | 8,151 | $ | 110,151 | |||
(1) | 6/30/2013 | 7,336 | 109,336 | |||||
(2) | 12/31/2013 | 6,521 | 108,521 | |||||
Use the above straight-line bond amortization table and prepare journal entries for the following. |
(a) | The issuance of bonds on December 31, 2012. |
(b) | The first interest payment on June 30, 2013. |
(c) | The second interest payment on December 31, 2013. |
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