Paulson company issues 6 four-year bonds on december 31

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Paulson Company issues 6%, four-year bonds, on December 31, 2013, with a par value of $90,000 and semiannual interest payments.

Semiannual Period-End		Unamortized Discount		Carrying Value
(0)	12/31/2013	$	6,533	$	83,467
(1)	6/30/2014		5,716		84,284
(2)	12/31/2014		4,899		85,101

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

(a) The issuance of bonds on December 31, 2013.

(b) The first interest payment on June 30, 2014.

Reference no: EM13389989

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