Paulson Company issues 6%, four-year bonds, on January 1 of this year, with a par value of $200,000 and semiannual inter

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Paulson Company Issues 6 Four Year Bonds On January 1 Of This Year With A Par Value Of 200 000 And Semiannual Inter 1 (41.59 KiB) Viewed 13 times

Paulson Company issues 6%, four-year bonds, on January 1 of this year, with a par value of $200,000 and semiannual interest payments. Semiannual Period-End (0) January 1, issuance. (1) June 30, first payment Carrying Value $ 186,534 188,218 (2) December 31, second payment 189,902 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. View transaction list Unamortized Discount $ 13,466 11,782 10,098 1 Record the issuance of the bonds on January 1. Record the first interest payment on June 30. 3 Record the second interest payment on December 31. 2 X