Question: Tar. It does not indicate com Required information The following information applies to the questions displayed below) On January 1, 2021, Twister Enterprises, a manufacturer
Tar. It does not indicate com Required information The following information applies to the questions displayed below) On January 1, 2021, Twister Enterprises, a manufacturer of a variety of transportable spin rides, issues $470,000 of 8% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year. Required: 1. If the market interest rate is 8%, the bonds will issue at $470,000. Record the bond issue on January 1, 2021, and the first two semiannual interest payments on June 30, 2021, and December 31, 2021. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Answer is not complete. No General Journal Debit Credit Date January 01, 2021 Cash Bonds Payable 470,000 2 June 30, 2021 Interest Expense Cash ol 3 December 31, 202 Interest Expense Cash
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