Paulson Company ISSUES 10%, four – year bonds , on DECEMBER 31 , 2017, with a par value of $ 58,000 and Semiannual interest payments Semiannual…

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Paulson Company ISSUES 10%, four – year bonds , on DECEMBER 31 , 2017, with a par value of $ 58,000 and Semiannual interest paymentsSemiannual Period – EndUnamortized DiscountCarrying VALUE12 /’ 31 /’ 2017$6 , 693$51 , 307( B )E /’ 3 0 /’ 20185 , 85 552 , 144( 2 )12/’ 31 / 20185 , 81932 , 981USE the above straight- line bond amortization table and prepare journal Entries for the following( a) THE issuance of bonds on December 31 , 2017.(60) THE first interest payment on June 30, 2018( C) THE second interest payment on DECEmber 31, 2018.

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