Paulson Company issues 9%, four-year bonds, on January 1 of this year, with a par value of $106,000 and semiannual interest payments. Semiannual Period-End Unamortized Discount Carrying Value (0) January 1, issuance $ 6,853 $ 99,147 (1) June 30, first payment 5,996 100,004 (2) December 31, second payment 5,139 100,861 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) Note; Do not answer in hand writing

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A:

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