Question
Woodwick Company issues 9%, five-year bonds, on December 31, 2012, with a par value of $104,000 and semiannual interest payments. Semiannual Period-End Unamortized Premium Carrying
| Woodwick Company issues 9%, five-year bonds, on December 31, 2012, with a par value of $104,000 and semiannual interest payments.
|
| Semiannual Period-End | Unamortized Premium | Carrying Value | ||||||
| (0) | 12/31/2012 | $ | 8,191 | $ | 112,191 | |||
| (1) | 6/30/2013 | 7,372 | 111,372 | |||||
| (2) | 12/31/2013 | 6,553 | 110,553 | |||||
| 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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Handbook On Energy Audit And Environment Management
Authors: Y.P. Abbi, Shashank Jain
1st Edition
8179930920, 978-8179930922
