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Exercise $9-14($Static$)$ Record bonds issued at a discount and related semiannual interest $($LO$9-5)$

$[$The following information applies to the questions displayed below.$]$

On January $1,2024,$ White Water issues $$600,000$ of $7\%$ bonds, due in $10$ years, with interest payable semiannually

on June $30$ and December $31$ each year.

Assuming the market interest rate on the issue date is $8\%,$ the bonds will issue at $$559\mathrm{.}229.$

Exercise $9-14($Static$)$ Port $2$

Record the bond issue on January $1,2024,$ and the first two semiannual interest payments on June $30,2024,$ and December $31,$

$($if no entry is required for a particular transaction$/$event$,$ select $"$No Journal Entry Required" in the first account field. Round

your final answers to the nearest whole dollar.$)$

Show Transcribed Text

Journal entry worksheet

Record the bond issue.

Note: Enter debits before credits.

Exercise $9-14($Static$)$ Record bonds issued at a discount and related semiannual interest $($LO$9-5)$

$[$The following information applies to the questions displayed below.$]$

On January $1,2024,$ White Water issues $$600,000$ of $7\%$ bonds, due in $10$ years, with interest payable semiannually

on June $30$ and December $31$ each year.

Assuming the market interest rate on the issue date is $8\%,$ the bonds will issue at $$559\mathrm{.}229.$

Exercise $9-14($Static$)$ Port $2$

Record the bond issue on January $1,2024,$ and the first two semiannual interest payments on June $30,2024,$ and December $31,$

$($if no entry is required for a particular transaction$/$event$,$ select $"$No Journal Entry Required" in the first account field. Round

your final answers to the nearest whole dollar.$)$

Show Transcribed Text

Journal entry worksheet

Record the bond issue.

Note: Enter debits before credits.