Question: What is the answer for this problem? On January 1, 2024, Splash City issues $500,000 of 9% bonds, due in 20 years, with interest payable

What is the answer for this problem?

On January 1, 2024, Splash City issues $500,000 of 9% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year. Required: Assuming the bonds issue for $500,000, 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 required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the bond issue. Note: Enter debits before credits. Date General Journal Debit Credit January 01, 2024 Cash Discount on Bonds Payable Bonds Payable View general journal

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