Question: Record the bond issue. Record the first semiannual interest payment. Record the second semiannual interest payment. Required information [The following information applies to the questions

Record the bond issue.
Record the first semiannual interest payment.
Record the second semiannual interest payment.

Required information [The following information applies to the questions displayed below.] On January 1, 2024, Twister Enterprises, a manufacturer of a variety of transportable spin rides, issues $480,000 of 8% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year. Required: 1. If the market interest rate is 8%, the bonds will issue at $480,000. Record the bond issue on January 1,2024 , and the first 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.)

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