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Required information

Problem $9-7$A $($Algo$)$ Prepare a bond amortization schedule and record

transactions for the bond issuer $($LO$9-5)$

$[$The following information applies to the questions displayed below.$]$

On January $1,2024,$ Universe of Fun issues $$750,000,9\%$ bonds that mature in $15$

years. The market interest rate for bonds of similar risk and maturity is $10\%,$ and the

bonds issue for $$692,353.$ Interest is paid semiannually on June $30$ and December $31.$

Problem $9-7$A $($Algo$)$ Parts $2$ & $3$

& $3.$ Record the issuance of the bonds on January $1,$ the interest payments on June $30,$ and Decemb

$31,2024.($If no journal entry is required for a particular transaction, select $"$No Journal Entry Require

in the first account field. Round your answers to the nearest dollar amount.$)$

Journal entry worksheet

Record the bond issue.

Note: Enter debits before credits.