Question: Required information Problem 9-5A (Algo) Record bond issue and related interest (LO9-5) [The following information applies to the questions displayed below] On January 1, 2024.
Required information Problem 9-5A (Algo) Record bond issue and related interest (LO9-5) [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 $440,000 of 6% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year. roblem 9.5A (Algo) Part 2 If the market interest rate is 7%, the bonds will issue at $399,538. Record the bond issue on January 1,2024 , and the first two emiannual interest payments on June 30,2024 , and December 31, 2024. (If no entry is required for a particular transaction/event, ject "No Journal Entry Required" in the first occount field. Round your answers to the nearest dollar amount.)
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