On January 1, a company issues 10%, four-year bonds with a par value of $102,000 and semiannual interest payments. Follo the first few rows of the straight-line amortization table. (0) (1) (2) January 1, issuance June 30, first payment December 31, second payment Prepare journal entries for the following transactions. January 1 June 30 Bond issuance. First interest payment. December 31 Second interest payment. Semiannual Period-End View transaction list Journal entry worksheet < 1 2 Date January 01 3 Record the issuance of the bonds on January 1. Note: Enter debits before credits. General Journal Unamortized Discount $ 6,773 5,926 5,079 Debit Carrying Value $ 95,227 96,074 96,921 Credit

Q: advantages of financial accounting

A: Answer are as follows

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