Problem $9-5$A $($Algo$)$ Part $2$

$2.$ If the market interest rate is $9\%,$ the bonds will issue at $$440,907.$ Record the bond issue on January $1,2024,$ and the frat 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. Round your answers to the nearest dollar amount.$)$

Journal entry worksheet

$1$

$2$

$3$

Record the first semiannual interest payment.

Note: Enter debits before credits.

$\backslash$table$[[$Tatb$,$Oeneral Journal,,Debit,Credit$],[$June $30,2024,$Interest Expense,,$19,841,],[,$Discount on Bonds Payable,,,$],[,$Cash,,,$19\mathrm{.}200],[,,,,],[,,,,],[,,,,]]$

$$

$2$

$3$

of $11$

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