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Required information

Problem $9-5$A $($Algo$)$ Record bond Issue and related Interest $($LO$9-5)$

$[$The following information applies to the questions displayed below$]$

On January $1,2024,$ Twister Enterprises, a manufacturer of a variety of transportable spin rides, issues $$520,000$ of $7\%$ bonds, due in $15$ years, with interest payable semiannually on June $30$ and December $31$ each year.

Problem $9-5$A $($Algo$)$ Part $2$

$2.$ If the market interest rate is $8\%,$ the bonds will issue at $$475,041.$ Record the bond issue on January $1,2024,$ and the first two semiannual interest payments on June $30,2024,$ and December $31,2024.($f no entry is required for a particular transaction$/$event$,$ select $"$No Journal Entry Required" in the first account field. Round your answers to the nearest dollar amount.$)$

Journal entry worksheet

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Record the bond issue.

Note: Enter debits betore crears.

$\backslash$table$[[$Date$,$General Journal,Debit,Credit$],[$January $01,2024,$t$,,],[,,,],[,,,]]$