Question: Dobbs Company issues 5%, two- year bonds, on December 31, 2013, with a par value of $ 200,000 and semiannual interest payments. Use the following

Dobbs Company issues 5%, two- year bonds, on December 31, 2013, 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, 2013;
(b) The first through fourth interest payments on each June 30 and December 31;
(c) The maturity of the bond on December 31,2015.

Semiannual Period-End (0) 12/31/2013 () 6/30/2014 (2) 12/31/2014 (3) 6/30/2015 (4) 12/31/2015 Unamortized Discount $12,000 9,000 6,000 3,000 Carrying Value $188,000 191.000 194,000 197,000 200,000

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