MGFB10H3 Final: (5) B09+Test+2009+Fall+Answer
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Dobbs Company issues 6%, two-year bonds, on December 31, 2013, with a par value of $101,000 and semiannual interest payments.
Semiannual Period-End | Unamortized Discount | Carrying Value | ||||||
(0) | 12/31/2013 | $ | 6,020 | $ | 94,980 | |||
(1) | 6/30/2014 | 4,515 | 96,485 | |||||
(2) | 12/31/2014 | 3,010 | 97,990 | |||||
(3) | 6/30/2015 | 1,505 | 99,495 | |||||
(4) | 12/31/2015 | 0 | 101,000 | |||||
Use the above straight-line bond amortization table and prepare journal entries for the following. |
Required: