Snap Company issues $12\%,$ five$-$year bonds, on January $1$ of this year, with a par value of $$120,000$ 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 $31.$

Answer is not complete.QS $14-10($Algo$)$ Recording bond issuance and discount amortization LO P$2$

Snap Company issues $12\%,$ five$-$year bonds, on January $1$ of this year, with a par value of $$120,000$ and semiannual interest payments.

Semiannual Period$-$End Unamortized Discount Carrying Value

$(0)$ January $1,$ issuance $ $9,000$ $ $111,000$

$(1)$ June $30,$ first payment $8,100111,900$

$(2)$ December $31,$ second payment $7,200112,800$

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 $31.$