Required information Exercise 9-18 (Static) Record bonds issued at a premium and related annual interest (LO9-5) [The following information applies to the questions displayed below.] On January 1,2024 , White Water issues $600,000 of 7% bonds, due in 10 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 $644,161. xercise 9-18 (Static) Part 2 Record the bond issue on January 1, 2024, and the first two interest payments on December 31, 2024, and December 31, 2025. (If o entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Round your nal answers to the nearest whole dollar.) Journal entry worksheet 3 Note: tnter debits berore credits. Required information Exercise 9-18 (Static) Record bonds issued at a premium and related annual interest (LO9-5) [The following information applies to the questions displayed below.] On January 1,2024 , White Water issues $600,000 of 7% bonds, due in 10 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 $644,161. xercise 918 (Static) Part 2 Record the bond issue on January 1, 2024, and the first two interest payments on December 31, 2024, and December 31,2025 . (If b entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Round your nal answers to the nearest whole dollar.) Journal entry worksheet Note: Enter debits before credits. Required information Exercise 9-18 (Static) Record bonds issued at a premium and related annual interest (LO9-5) [The following information applies to the questions displayed below.] On January 1,2024 , White Water issues $600,000 of 7% bonds, due in 10 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 $644,161. xercise 918 (Static) Part 2 Record the bond issue on January 1, 2024, and the first two interest payments on December 31, 2024, and December 31,2025 . (If entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Round your ial answers to the nearest whole dollar.) Journal entry worksheet Note: Enter debits before credits. Required intormation Exercise 9-21 (Static) Calculate the issue price of bonds (LO9-7) [The following information applies to the questions displayed below.] On January 1, 2024, Frontier World issues $41 million of 9% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year. The proceeds will be used to build a new ride that combines a roller coaster, a water ride, a dark tunnel, and the great smell of outdoor barbeque, all in one ride. Exercise 9-21 (Static) Part 3 3-a. If the market rate is 10%, calculate the issue price. (FV of $1, PV of $1, FVA of $1, and PVA of $1 ) 3-b. Will the bonds issue at face amount, a discount, or a premium? Complete this question by entering your answers in the tabs below. If the market rate is 10%, calculate the issue price.(FV of $1, PV of $1, FVA of $1, and PVA of $1 ) (Use appropriate factor(s) from the tables provided. Do not round interest rate factors. Enter your answers in dollars not in millions (i.e., $5.5 million should be entered as 5,500,000).)