Dobbs Company issues 6%, two-year bonds, on December 31, 2020, with a par value of $106,000 and semiannual interest payments. Semiannual Period-End Unamortized Discount Carrying Value
(0) 12/31/2020 $ 6,120 $ 99,880
(1) 6/30/2021 4,590 101,410
(2) 12/31/2021 3,060 102,940
(3) 6/30/2022 1,530 104,470
(4) 12/31/2022 0 106,000
Use the above straight-line bond amortization table and prepare journal entries for the following.
Required:
(a) The issuance of bonds on December 31, 2017
(b) The first through fourth interest payments on each June 30 and December 31.
(c) Record the maturity of the bonds on December 31, 2019.