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Cougar Corp. sold ,2-year, 4.5%, 100,000, bonds on January 1, 2021 for 102,000. Interest is...

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Accounting

Cougar Corp. sold ,2-year, 4.5%, 100,000, bonds on January 1, 2021 for 102,000. Interest is paid semi-annually on June 30 and December 31.

What is the journal entry to record the issuance of the Bond on 1/1/2021?

Complete the amortization schedule below.

Period ended

Cash Paid

Interest expense

amortization

Carrying amount

06/30/2021

12/31/2021

06/30/2022

12/31/2022

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