Dobbs Company issues 5 two year bonds on December 31 2015
Dobbs Company issues 5%, two-year bonds, on December 31, 2015, with a par value of $200,000 and semiannual interest payments. Use the following bond amortization table and prepare journal entries to record
(a) The issuance of bonds on December 31, 2015;
(b) The first through fourth interest payments on each June 30 and December 31;
(c) The maturity of the bond on December 31, 2017.
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