On January 1, 2024, White Water issues $560,000 of 6% bonds, due in 20 years, with...
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On January 1, 2024, White Water issues $560,000 of 6% bonds, due in 20 years, with interest payable annually on December 31 each year. Required: Assuming the bonds issue for $560,000, record the bond issue on January 1, 2024, and the first two interest payments on December 31, 2024, to December 31, 2025. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list View journal entry worksheet No 1 Date January 01, 2024 Cash Bonds Payable December 31, 2 Interest Expense 2024 Cash December 31, 3 2025 Interest Expense Cash General Journal Debit Credit 560,000 560,000 33,600 33,600 33,600 33,600 On January 1, 2024, White Water issues $560,000 of 6% bonds, due in 20 years, with interest payable annually on December 31 each year. Required: Assuming the bonds issue for $560,000, record the bond issue on January 1, 2024, and the first two interest payments on December 31, 2024, to December 31, 2025. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list View journal entry worksheet No 1 Date January 01, 2024 Cash Bonds Payable December 31, 2 Interest Expense 2024 Cash December 31, 3 2025 Interest Expense Cash General Journal Debit Credit 560,000 560,000 33,600 33,600 33,600 33,600
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