Question: question 3 Pretzelmania, Incorporated, Issues 5%, 20-year bonds with a face amount of $50,000 for $44,221 on January 1, 2024. The market Interest rate for

question 3 Pretzelmania, Incorporated, Issues 5%, 20-year bonds with a face amount of $50,000 for $44,221 on January 1, 2024. The market Interest rate for bonds of similar risk and maturity is 6%. Interest is

question 3

paid semiannually on June 30 and December 31 Required: 1.8 2. Record

the bond issue on January 1, 2024 and first interest payment on

June 30, 2024. (If no entry is required for a particular transaction/event,

Pretzelmania, Incorporated, Issues 5%, 20-year bonds with a face amount of $50,000 for $44,221 on January 1, 2024. The market Interest rate for bonds of similar risk and maturity is 6%. Interest is paid semiannually on June 30 and December 31 Required: 1.8 2. Record the bond issue on January 1, 2024 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 your Intermediate calculations, Round final answers to the nearest whole dollar.) Journal entry worksheet - Record the bond issue on January 1, 2024. Note: Enter debits before credits. Debit Credit Dato General Journal January 01, 2024 Cash Discount on Bonds Payable Bonds Payable View general Journal Clear entry Record entry Journal entry worksheet

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