$3$

A company issues $5\%,12-$year bonds with a face amount of $$90,000$ for $$82,376$ on January $1,2024.$ The market interest rate for bonds of similar risk and maturity is $6\%.$ Interest is paid semiannually on June $30$ and December $31.$

Required:

& $2.$ Record the bond issue and first interest payment on June $30,2024.($If no entry is required for a particular transaction$/$event$,$ select $"$No Journal Entry Required" in the first account field.$)$

$3$

points

Journal entry worksheet

$1$

$2$

Record the bond issue.

References

Note: Enter debits before credits.