question archive Woodwick Company issues 6%, five-year bonds, on December 31, 2012, with a par value of $102,000 and semiannual interest payments
Woodwick Company issues 6%, five-year bonds, on December 31, 2012, with a par value of $102,000 and semiannual interest payments
Subject:AccountingPrice: Bought3
Woodwick Company issues 6%, five-year bonds, on December 31, 2012, with a par value of $102,000 and semiannual interest payments.
| Semiannual Period-End | Unamortized Premium | Carrying Value | ||||||
| (0) | 12/31/2012 | $ | 8,151 | $ | 110,151 | |||
| (1) | 6/30/2013 | 7,336 | 109,336 | |||||
| (2) | 12/31/2013 | 6,521 | 108,521 | |||||
Use the above straight-line bond amortization table and prepare journal entries for the following.
Record the issue of bonds with a par value of $102,000 cash on December 31, 2012.
Record the interest payment on June 30, 2013.
Record the interest payment on December 31, 2013.
