(Answered) Question - woodwick company issues 6 five-year bonds on

Accounting

Question - Woodwick Company issues 6%, five-year bonds, on December 31, 2014, with a par value of $107,000 and semiannual interest payments.

Semiannual Period-End	Unamortized Premium	Carrying Value
(0) 12/31/2014	$8,251	$115,251
(1) 6/30/2015	7,426	114,426
(2) 12/31/2015	6,601	113,601

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

(a) The issuance of bonds on December 31, 2014.

(b) The first interest payment on June 30, 2015.

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