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Wookie Company issues 1 0 % , five - year bonds, on January 1 of this year, with a par value of $ 2 0
Wookie Company issues fiveyear bonds, on January of this year, with a par value of $ and semiannual interest payments. Semiannual PeriodEnd January issuance June first payment December second payment Unamortized Premium $ Carrying Value $ Use the above straightline bond amortization table and prepare journal entries for the following. a The issuance of bonds on January b The first interest payment on June c The second interest payment on December Journal entry worksheet Record the issuance of the bonds on January Note: Enter debits before credits.
Wookie Company issues fiveyear bonds, on January of this year, with a par value of $ and semiannual interest
payments.
Semiannual PeriodEnd
January issuance
June first payment
December second payment
Unamortized Premium
$
Carrying Value
$
Use the above straightline bond amortization table and prepare journal entries for the following.
a The issuance of bonds on January
b The first interest payment on June
c The second interest payment on December
Journal entry worksheet
Record the issuance of the bonds on January
Note: Enter debits before credits.
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