Question: Brief Exercise 9-6 Record bond issue at face amount and related semiannual interest (LO9-5) 9 Pretzelmania, Inc, Issues 6%, 10 year bonds with a face
Brief Exercise 9-6 Record bond issue at face amount and related semiannual interest (LO9-5) 9 Pretzelmania, Inc, Issues 6%, 10 year bonds with a face amount of $58,000 for $58,000 on January 1, 2021. The market interest rate for bonds of similar risk and maturity is 6% Interest is paid semiannually on June 30 and December 31 Required: 1. & 2. Record the bond issue and first interest payment on June 30, 2021. (if no entry is required for a particular transaction/event, select "No Journal Entry Required in the first account field.) 00:37:46 View transaction lit Journal entry worksheet 1 2 > Record the bond issue on January 1, 2021. Note: Inter debits before credits General Journal Debit Credit Date January 01, 2021
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