Required information Problem 9.4A Record bond issue and related interest (LO9-5) The following information applies to the questions displayed below.) On January 1, 2021, Twister Enterprises, a manufacturer of a variety of transportable spin rides, issues $500,000 of 7% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year. Problem 9.4A Part 2 2. If the market interest rate is 8%, the bonds will issue at $450,518. 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 answers to the nearest dallar amount 2. If the market interest rate is 8%, the bonds will issue at $450,518. 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 answers to the nearest dollar amount.) Answer is not complete. Debit Credit No 1 Date General Journal January 01, 2021 Cash Discount on Bonds Payable Bonds Payable 450.518 49.482 500,000 June 30, 2021 Interest Expense Cash Discount on Bonds Payable 17,500 OOO 000 3 December 31, 202 Interest Expense Cash Discount on Bonds Payable 17,500 Required information Problem 9-4A Record bond issue and related interest (LO9-5) The following information applies to the questions displayed below.) On January 1, 2021, Twister Enterprises, a manufacturer of a variety of transportable spin rides, issues $500,000 of 7% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year. Problem 9-4A Part 3 3. If the market interest rate is 6%, the bonds will issue at $557,787. 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 answers to the nearest dollar amount.) Problem 9-4A Part 3 3. If the market interest rate is 6%, the bonds will issue at $557787. 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 answers to the nearest dollar amount.) Answer is not complete. Det C redit General Journal January 01, 2021 Cash Bonds Payable Premium on Bonds Payable 500 000 June 30, 2021 Interest Expense Premium on Bonds Payable Cash OOO OOOO December 31, 202 Expense Premium on Bonds Payable 17,500