Question: Required information Problem 9-7A (Algo) Prepare a bond amortization schedule and record transactions for the bond issuer (LO9-5) [The following information applies to the questions

 Required information Problem 9-7A (Algo) Prepare a bond amortization schedule and
record transactions for the bond issuer (LO9-5) [The following information applies to

Required information Problem 9-7A (Algo) Prepare a bond amortization schedule and record transactions for the bond issuer (LO9-5) [The following information applies to the questions displayod below] On January 1, 2024, Universe of Fun issues $770,000,8% bonds that mature in 20 years. The market interest rate for bonds of similar risk and maturity is 9%, and the bonds issue for $699,154. Interest is paid semiannually on June 30 and December 31 . Problem 9:7A (Algo) Parts 2 \& 3 2. \& 3. Record the issuance of the bonds on January 1, the interest payments on June 30, and December 31, 2024. (If no journal entry 5 required for a particular transaction, select "No Journal Entry Required" in the first account field. Round your answers to the pearest dollar amount.) 1 Record the bond issue. 2 Record the first semiannual inter of payment. 3 Record the second semiannual interest payment. Note : = journal entry has been entered

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