Question

Paulson Company issues 6%, four-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 interest payment on June 30, 2016;
(c) The second interest payment on December 31, 2016.


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  • CreatedApril 23, 2015
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