Question: Problem 9-7A (Algo) Prepare a bond amortization schedule and record transactions for the bond issuer (LO9-5) On January 1, 2024, Universe of Fun issues $830,000,

Problem 9-7A (Algo) Prepare a bond amortization schedule and record transactions for the bond issuer (LO9-5) On January 1, 2024, Universe of Fun issues $830,000, 9% bonds that mature in 10 years. The market interest rate for bonds of similar risk and maturity is 10%, and the bonds issue for $778,282. Interest is paid semiannually on June 30 and December 31.

Problem 9-7A (Algo) Prepare a bond amortization schedule and record transactions for

2. & 3. Record the issuance of the bonds on January 1, the interest payments on June 30, and December 31, 2024. (If no journal entry is required for a particular transaction, select "No Journal Entry Required" in the first account field. Round your answers to the nearest dollar amount.)

the bond issuer (LO9-5) On January 1, 2024, Universe of Fun issues

$830,000, 9% bonds that mature in 10 years. The market interest rate

for bonds of similar risk and maturity is 10%, and the bonds

Required: 1. Complete the first three rows of an amortization schedule. (Do not round intermediate calculations. Round your final answers to the nearest whole dollar.) Journal entry worksheet Note: Enter debits before credits. Journal entry worksheet Record the first semiannual interest payment. Note: Enter debits before credits. Journal entry worksheet 1 Record the second semiannual interest payment. Note: Enter debits before credits

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