Question: please solve A company issues 9%, 11-year bonds with a face amount of $60,000 for $64,336 on January 1, 2024. The market interest rate for

please solve

A company issues 9%, 11-year bonds with a face amount of $60,000 for $64,336 on January 1, 2024. The market interest rate for bonds of similar risk and maturity is 8%. Interest is paid semiannually on June 30 and December 31. Required: 1. & 2. Record the bond issue and first interest payment on June 30, 2024. (If no entry is required for a particular transaction/event. select "No Journal Entry Required" in the first account field. Do not round Intermediate calculations, Round your answers to the nearest dollar amount.)

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