Dobbs Company issues 7%, two-year bonds, on December 31, 2021, with a par value of $98,000 and semiannual interestpayments.Semiannual Period-EndUnamortized DiscountCarrying Value(0)12/31/2021$ 5,960$ 92,040(1)6/30/20224,47093,530(2)12/31/20222,98095,020(3)6/30/20231,49096,510(4)098,00012/31/2023Use the above straight-line bond amortization table and prepare journal entries for the following.(a) The issuance of bonds on December 31, 2021.(b) The first through fourth interest payments on each June 30 and December 31.(c) Record the maturity of the bonds on December 31, 2023.Complete this question by entering your answers in the tabs below.Required A Required BRequired C Dobbs Company issues 7%, two-year bonds, on December 31, 2021, with a par value of $98,000 and semiannual interest payments. \table[[, Semiannual Period- End, Unamortized Discount,Carrying Value], [(0), 31 /2021, $5,960, $92,04012

Journal entries : a) The journal entries to record issue of bond is , DATE ACCOUNTS TITLE…

Answered: Dobbs Company issues 7%, two-year…

FINANCIAL ACCOUNTING

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Chapter1: Financial Statements And Business Decisions

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