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Paulson company issues 6 four-year bonds on december 31


Paulson Company issues 6%, four-year bonds, on December 31, 2013, with a par value of $ 200,000 and semiannual interest payments. Use the following bond amortization table and prepare journal entries to record 

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(a) The issuance of bonds on December 31, 2013; 

(b) The first interest payment on June 30, 2014; 

(c) The second interest payment on December 31,2014. 

 

 

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Accounting Basics: Paulson company issues 6 four-year bonds on december 31
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