Question: Exercise 1 0 - 8 ( Algo ) Straight - Line: Recording bond issuance and premium amortization LO P 3 Wookie Company issues 6 %

Exercise 10-8(Algo) Straight-Line: Recording bond issuance and premium amortization LO P3
Wookie Company issues 6%, five-year bonds, on January 1 of this year, with a par value of $107,000 and semiannual interes payments.
\table[[Semiannual Period-End,Unamortized Premium,Carrying Value],[(0) January 1, issuance,$8,251,$115,251
Exercise 10-8(Algo) Straight-Line: Recording bond issuance and premium amortization LO P3

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