Question: please answer correctly Required information [The following information applies to the questions displayed below.] On January 1,2024 , White Water issues $550,000 of 5% bonds,

please answer correctly

Required information [The following information applies to the questions displayed below.] On January 1,2024 , White Water issues $550,000 of 5% bonds, due in 15 years, with interest payable annually on December 31 each year. Assuming the market interest rate on the issue date is 6%, the bonds will issue at $496,585. 2. Record the bond issue on January 1, 2024, and the first two interest payments on December 31, 2024, and December 31,2025 . (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Round your final answers to the nearest whole dollar.)

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