Question: Exercise 9-10 (Algo) Record bonds issued at face amount and related semiannual interest (LO9-5) On January 1, 2024, Splash City issues $400,000 of 8% bonds,

 Exercise 9-10 (Algo) Record bonds issued at face amount and relatedsemiannual interest (LO9-5) On January 1, 2024, Splash City issues $400,000 of8% bonds, due in 15 years, with interest payable semiannually on June

Exercise 9-10 (Algo) Record bonds issued at face amount and related semiannual interest (LO9-5) On January 1, 2024, Splash City issues $400,000 of 8% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year. Required: Assuming the bonds issue for $400,000, record the bond issue on January 1,2024 , and the first two semiannual interest payments on June 30, 2024, and December 31, 2024. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Note: Enter debits before credits. Journal entry worksheet Record the first semiannual interest payment. Note: Enter debits before credits. Journal entry worksheet 1 Record the second semiannual interest payment. Note: Enter debits before credits

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