Required information

Problem $9-5$A $($Algo$)$ Record bond issue and related interest $($LO$9-5)$

$[$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 $$550,000$ of $7\%$

bonds, due in $15$ years, with interest payable semiannually on June $30$ and December $31$ each year.

Problem $9-5$A $($Algo$)$ Part $3$

If the market interest rate is $6\%,$ the bonds will issue at $$603,901.$ 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. Round your answers to the nearest dollar amount.$)!$

Required information

Problem $9-5$A $($Algo$)$ Record bond issue and related interest $($L$09-5)$

$[$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 $$550,000$ of $7\%$ bonds, due in $15$ years, with interest payable semiannually on June $30$ and December $31$ each year.

Problem $9-5$A $($Algo$)$ Part $3$

$3.$ If the market interest rate is $6\%,$ the bonds will issue at $$603,901.$ 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. Round your answers to the nearest dollar amount.$)$

$\backslash$table$[[$No$,$Date,Genera,,Debit,Credit$],[1,$January $01,2024,$Cash,$\backslash$theta $,603,901,],[,$Discount on Bonds Payable,$\backslash$times $,-53,901,$x$],[,$Cash,$\backslash$times $,,550,000],[2,$June $30,2024,$Interest Expense,$\backslash$theta $,18,117,],[,$Discount on Bonds Payable,ox$,$x$,-1,133],[,$Cash,$\backslash$theta $,,19,250],[3,$December $31,202,$Interest Expense,$\backslash$theta $,18,083,],[,$Discount on Bonds Payable,$\backslash$times $,$x$,-1,167],[,$Cash,$,,19,250$vv$]]$

$*$Red text indicates no response was expected in a cell or a formula$-$based calculation is incorrect; no points deducted.