woodwick questions and answers for accounting/business
Woodwick Company issues 6%6, FIVE – year bonds , on December 31 , 2016 , with a par value of $ 93,000 and semiannual interestPaymentsSEMIannual Period – EndUnamortIZEd PREMIUMCarrying VELLE*12 / 3 1 / 201 6$ 7 . 971$ 1BE , 971| 1′)6 / 30 / 20177 , 174180 , 17412/’ 31 /’ 20175 , 37795 , 377USE the above straight-line bond amortization table and prepare journal Entries for the following .( a) THE issuance of bonds on December 31, 2010( 60 ) The first interest payment on June 30 , 2017.( C ) THE second interest payment on December 31 , 2017Journal entry worksheet2Record the issue of bonds with a par value of $ 53, 000 cash on December 31 ,2015 .
