Dobbs Company issues 5%, two-year bonds, on December 31, 2017, with a par value of $100,000 and semi

 
   

Need your ASSIGNMENT done? Use our paper writing service to score better and meet your deadlines.  

Dobbs Company issues 5%, two-year bonds, on December 31, 2017, with a par value of $100,000 and semiannual interest payments. Semiannual Period – End 12/31/2017 (1) 6/30/2018 (2) 12/31/2018 (3) 6/3/2019 (4) 12/31/2019 Unamortized Discount $6,000 4,500 3,000 1,500 Carrying Value $ 94,000 95,500 97,000 98,500 100,000 Use the above straight-line bond amortization table and prepare journal entries for the following. Required: (a) The issuance of bonds on December 31, 2017 (b) The first through fourth interest payments on each June 30 and December 31. (c) Record the maturity of the bonds on December 31, 2019. Complete this question by entering your answers in the tabs below. Required A Required B Required C The issuance of bonds on December 31, 2017. View transaction list Journal entry worksheet Required A Required B Required C The first through fourth interest payments on each June 30 and December 31. View transaction list 1 Record the interest payment and amortization on June 30, 2018. 2 Record the interest payment and amortization on December 31, 2018. 3 Record the interest payment and amortization on June 30, 2019. Credit 4 Record the interest payment and amortization on December 31, 2019. Note : = journal entry has been entered Record entry Clear entry View general journal < Required A Required C > Required A Required B Required C Record the maturity of the bonds on December 31, 2019. .. View transaction list Journal entry worksheet Record the payment on maturity on December 31, 2019. Note: Enter debits before credits. General Journal Debit Credit Date Dec 31, 2019 Record entry Clear entry View general journal Required B Required