Wookie Company issues 10%, five-year bonds, on January 1 of this year, with a par value of $100,000 and semiannual interest payments.

Semiannual Period-EndUnamortized PremiumCarrying Value(0)January 1, issuance$8,111$108,111(1)June 30, first payment7,300107,300(2)December 31, second payment6,489106,489

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.

1- Record the issuance of the bonds on January 1.

Date General Journal Debit Credit

January 01

2- Record the first interest payment on June 30.

Date General Journal Debit Credit

June 30

3- Record the second interest payment on December 31.

Date General Journal Debit Credit

December 31