Dobbs Company issues 8%, two-year bonds on December 31, 2019, with a face value of $92,000 and semiannual interest payments.

Semester-End Period			discount not amortized			Value in books
(0)	31/12/2019		ps	5,840		ps	86,160
(1)	30/06/2020			4,380			87,620
(2)	31/12/2020			2,920			89,080
(3)	30/06/2021			1,460			90,540
(4)	31/12/2021			0			92,000

Use the straight-line bond amortization table above and prepare journal entries for the following.

Required:
(a) The issuance of bonds on December 31, 2019.
(b) From the first to the fourth interest payment every June 30 and December 31.
(c) Record the maturity of the bonds on December 31, 2021.

Answer rating: 100% (QA)

a Issuance of Bonds on December 31 2019 Date December 31 2019 Account D... View the full answer