Solution-Find the first through fourth interest payments

Find the first through fourth interest payments

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Reference no: EM132946705

Exercise - Straight-Line: Recording bond issuance and discount amortization - Dobbs Company issues 6%, two-year bonds, on December 31, 2019, with a par value of $99,000 and semi-annual interest payments.

Semi-annual Period-End	Unamortized Discount	Carrying Value
(0) 12/31/2019	$5,980	$93,020
(1) 6/30/2020	4,485	94,515
(2) 12/31/2020	2,990	96,010
(3) 6/30/2021	1,495	97,505
(4) 12/31/2021	0	99,000

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

Required -

(a) Find the issuance of bonds on December 31, 2019.

(b) Find the first through fourth interest payments on each June 30 and December 31.

Reference no: EM132946705

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Find the first through fourth interest payments

Reference no: EM132946705

Reference no: EM132946705

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