Problem

St. Charles Company issues 10%, four-year bonds, on December 31, 2009, with a par value...

St. Charles Company issues 10%, four-year bonds, on December 31, 2009, with a par value of $100,000

and semiannual interest payments. Use the following straight-line bond amortization table and prepare

journal entries to record (a) the issuance of bonds on December 31, 2009; (b) the first interest payment

on June 30, 2010; and (c) the second interest payment on December 31, 2010.

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