Required information Exercise 9-14B Record bonds issued at a discount and related annual interest (LO9-5) [The following information applies to the questions displayed below.] On January 1, Year 1, a company issues $580,000 of 5% bonds, due in 15 years, with interest payable annually on December 31 each year. Assuming the market interest rate on the issue date is 6%, the bonds will issue at $523,672. Exercise 9-14B Part 2 2. Record the bond issue on January 1, Year 1, and the first two interest payments on December 31 , Year 1, and December 31 , Year 2. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Round your final answers to the nearest whole dollar.) Journal entry worksheet Note: Enter debits before credits. Required information Exercise 9-14B Record bonds issued at a discount and related annual interest (LO9-5) [The following information applies to the questions displayed below.] On January 1, Year 1, a company issues $580,000 of 5% bonds, due in 15 years, with interest payable annually on December 31 each year. Assuming the market interest rate on the issue date is 6%, the bonds will issue at $523,672. Exercise 914B Part 2 2. Record the bond issue on January 1, Year 1, and the first two interest payments on December 31, Year 1, and December 31 , Year 2. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Round your final answers to the nearest whole dollar.) Journal entry worksheet Note: Enter debits before credits. Required information Exercise 9-14B Record bonds issued at a discount and related annual interest (LO9-5) [The following information applies to the questions displayed below.] On January 1, Year 1, a company issues $580,000 of 5% bonds, due in 15 years, with interest payable annually on December 31 each year. Assuming the market interest rate on the issue date is 6%, the bonds will issue at $523,672. Exercise 9-14B Part 2 2. Record the bond issue on January 1, Year 1, and the first two interest payments on December 31, Year 1, and December 31 , Year 2. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Round your final answers to the nearest whole dollar.) Journal entry worksheet 3 Note: Enter debits before credits