Wookle Company issues $7\%,$ five$-$year bonds, on January $1$ of this year, with a par value of $$94,000$ and semlannual interest payments.

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

$($a$)$ The issuance of bonds on January $1.$

$($b$)$ The first interest payment on June $30.$

$($c$)$ The second interest payment on December $31.$

Journal entry worksheet

$2$

$3$

Record the issuance of the bonds on January $1.$

Wate: Enter dehts setare crects.