Question: Required information Problem 9-5A (Static) Record bond issue and related interest (LO9-5) [The following information applies to the questions displayed beiow.] On January 1, 2024.
Required information Problem 9-5A (Static) Record bond issue and related interest (LO9-5) [The following information applies to the questions displayed beiow.] On January 1, 2024. Twister Enterprises, a manufacturer of a variety of transportable spin rides, issues $600,000 of 8% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year. Problem 9-5A (Static) Part 3 . If the market interest rate is 7%, the bonds will issue at $664,065. Record the bond issue on January 1,2024 , and the first two iemiannual interest payments on June 30, 2024, and December 31, 2024. (If no entry is required for a particular transaction/event, ielect "No Journal Entry Required" in the first account fleld. Round your answers to the nearest dollar amount.) Journal entry worksheet 3
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