Paulson Company issues 6%, four-year bonds, on January 1 of this year, with a par value of $100,000 and semiannual interest payments.   Semiannual Period-End Unamortized Discount Carrying Value (0) January 1, issuance $ 6,733 $ 93,267 (1) June 30, first payment 5,891 94,109 (2) December 31, second payment 5,049 94,951 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.

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Q: Problem #1 Paulson Company issues 6%, four-year bonds on January 1 of this year, with a par value of…

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Q: Entries for Issuing Bonds and Amortizing Discount by Straight-Line Method On the first day of its…

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Q: Wookie Company issues 9%, five-year bonds, on January 1 of this year, with a par value of $109,000…

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Q: Georgia Corporation issued $200,000 par value, 10%, 4-year bonds (i.e., there were 200 of $1,000 par…

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Q: Paulson Company issues 7%, four-year bonds, on January 1 of this year, with a par value of $109,000…

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Q: am. 105.

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A:

Q: Burris Corporation is authorized to issue $800,000 of 9% bonds. Interest on the bonds is payable…

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Q: Oak Branch Inc. issued $820,000 of 6%, 10-year bonds when the market rate was 5%. They received…

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Q: nuary 1, Indigo Corporation issues $4350000, 5-year, 12% bonds at 96 with interest payable on…

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Q: Alvarez Corporation issued $130,000 par value, 8%, 4-year bonds (i.e., there were 130 of $1,000 par…

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Q: Wookie Company issues 8%, five-year bonds, on January 1 of this year, with a par value of $92,000…

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