Jobbs company issues a 5 two year bonds on dec 31 2010 with

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Reference no: EM13581474

Jobbs company issues a 5%, two year bonds, on Dec 31, 2010, with a par value of $200,000 and semiannual interest payments. Use the following bond amortization table and prepare journal entries to record a) the insurance of bonds on Dec 31, 2010; b) the first through fourth interest payments on each June 30 and Dec 31; and c) the maturity of the bond on Dec 31, 2012.

SEMIANNUAL PERIOD-END	UNAMORTIZED DISCOUNT	CARRYING VALUE
(0) 12/31/2010	12,000	188,000
(1) 6/30/2011	9,000	191,000
(2) 12/31/2011	6,000	194,000
(3) 6/30/2012	3,000	197,000
(4) 12/31/2012	0	200,000

Reference no: EM13581474

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