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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Woodwick Company issues 6%, five-year bonds, on December 31, 2012, with a par value of $102,000 and semiannual interest payments.
| Semiannual Period-End | Unamortized Premium | Carrying Value | ||||||
| (0) | 12/31/2012 | Â | $ | 8,151 | Â | $ | 110,151 | Â |
| (1) | 6/30/2013 | Â | Â | 7,336 | Â | Â | 109,336 | Â |
| (2) | 12/31/2013 | Â | Â | 6,521 | Â | Â | 108,521 | Â |
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| Use the above straight-line bond amortization table and prepare journal entries for the following. |
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| (a) |
The issuance of bonds on December 31, 2012. |
| (b) | The first interest payment on June 30, 2013. |
| (c) | The second interest payment on December 31, 2013. |
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