Question: Required Information Exercise 9-8A Record bonds issued at a discount and related semiannual interest (LO9-5) [The following information applies to the questions displayed below) On

 Required Information Exercise 9-8A Record bonds issued at a discount and

Required Information Exercise 9-8A Record bonds issued at a discount and related semiannual interest (LO9-5) [The following information applies to the questions displayed below) On January 1, 2021, Splash City issues $490,000 of 8% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year. Assuming the market interest rate on the issue date is 9%, the bonds will issue at $450,092 Exercise 9-8A Part 2 2. Record the bond issue on January 1, 2021, and the first two semiannual interest payments on June 30, 2021, and December 31 2021 (If no entry is required for a particular transaction/event, select "No Journal Entry Required in the first account field. Round your Intermediate and final answers to the nearest whole dollar.) NO Answer is not complete. Date General Journal January 01, 2021 Cash Discount on Bonds Payable Bonds Payable Debit 450.002 30.008 1 400.000 June 30, 2021 Interest Expense Discount on Bonds Payable Cash 000 000 000 December 31, 202 Interest Expense Discount on Bonds Payable Cash

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