Question: n January 1 , 2 0 2 4 , White Water issues $ 5 2 0 , 0 0 0 of 5 % bonds, due

n January 1,2024, White Water issues $520,000 of 5% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year.
Assuming the market interest rate on the issue date is 6%, the bonds will issue at $469,041.
Exercise 9-14(Algo) Part 2
2. Record the bond issue on January 1,2024, and the first two semiannual interest payments on June 30,2024, and December 31,2024.

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