Tabs:

2) Record the interest payment and amortization on June 30, 2019.

3) Record the interest payment and amortization on December 31, 2019.

Paulson Company issues 8%, four-year bonds, on December 31, 2018, with a par value of $97,000 and semiannual interest payments. Semiannual Period-End (8) 12/31/2818 (1) 6/38/2019 (2) 12/31/2819 Unamortized Discount $6,673 5,839 5,8e5 Carrying Value $90,327 91,161 91,995 Use the above straight-line bond amortization table and prepare journal entries for the following. (a) The issuance of bonds on December 31, 2018. (b) The first interest payment on June 30, 2019 (C) The second interest payment on December 31, 2019 View transaction list Journal entry worksheet Record the issue of bonds with a par value of $97,000 cash December 31 2018. Note: Enter debits before credits Date General Journal Debit Credit Dec 31, 2018 Record entry Clear entry View general journal