QS $10-10($Static$)$ Recording bond issuance and discount amortization LO P$2$

Snap Company issues $10\%,$ five$-$year bonds, on January $1$ of this year, with a par value of $$100,000$ and semiannual interest payments.

Use the above bond amortization table and prepare journal entries to record $(a)$ the issuance of bonds on January $1,(b)$ the first

interest payment on June $30,$ and $($c$)$ the second interest payment on December $31.$

Journal entry worksheet

Record the issuance of the bonds.

Note: Enter debits before credits.