Question: Requlred 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.
Requlred 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 $410,000 of 6% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year. Problem 9-5A (Algo) Part 1 Requlred: 1. If the market interest rate is 6%, the bonds will issue at $410,000. Record the bond issue on January 1,2024 , and the first two semiannual interest payments on June 30, 2024, and December 31, 2024. (If no entry Is requlred for a particuler transaction/event, seiect "No Journal Entry Required" in the first occount fieid.) Journal entry worksheet Record the second semiannual interest payment. Note: tintur debas brfure creaits
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