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 displayed below] On January 1, 2024, Universe of Fun issues $790,000,7% bonds that mature in 15 years. The market interest rate for bonds of similar risk and maturity is 8%, and the bonds issue for $721,695. Interest is paid semiannually on June 30 and December 31 . Problem 9-7A (Algo) Parts 2 \& 3 28 3. Record the issubince of the bonds on January 1, the interest poyments on June 30, and December 31, 2024. (If no journal entry is required for a porticular transaction, select "No Journat Entry Required" in the first account field. Round your answers to the nearest dollar amount.) Journal entry worksheet Record the first semiannual interest payment. Journal entry worksheet 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 displayed below] On January 1, 2024, Universe of Fun issues $790,000,7% bonds that mature in 15 years. The market interest rate for bonds of similar risk and maturity is 8%, and the bonds issue for $721,695. Interest is paid semiannually on June 30 and December 31 . Problem 9-7A (Algo) Parts 2 \& 3 28 3. Record the issubince of the bonds on January 1, the interest poyments on June 30, and December 31, 2024. (If no journal entry is required for a porticular transaction, select "No Journat Entry Required" in the first account field. Round your answers to the nearest dollar amount.) Journal entry worksheet Record the first semiannual interest payment. Journal entry worksheet