Woodwick Company issues 6%, five-year bonds, on December 31, 2016, with a par value of $98,000 and semiannual interest payments.

Semiannual Period-End			Unamortized Premium			Carrying Value
(0)	12/31/2016		$	8,071		$	106,071
(1)	6/30/2017			7,264			105,264
(2)	12/31/2017			6,457			104,457

Use the above straight-line bond amortization table and prepare journal entries for the following.

(a) The issuance of bonds on December 31, 2016.

(b) The first interest payment on June 30, 2017.

(c) The second interest payment on December 31, 2017.

Record the issue of bonds with a par value of $98,000 cash on December 31, 2016.

Date	General Journal	Debit	Credit
Dec. 31, 2016

Record the first interest payment on June 30, 2017.

Date	General Journal	Debit	Credit
Jun 30, 2017

Record the second interest payment on December 31, 2017.

Date	General Journal	Debit	Credit
Dec 31, 2017