On January 1, 2024, Twister Enterprises, a manufacturer of a variety of transportable spin rides, issues...
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On January 1, 2024, Twister Enterprises, a manufacturer of a variety of transportable spin rides, issues $560,000 of 7% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year. 3. If the market interest rate is 6%, the bonds will issue at $614,881. 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. Round your answers to the nearest dollar amount.) No Date 1 January 01, 2024 Cash Bonds Payable 2 June 30, 2024 Interest Expense Cash 3 December 31, 202 Interest Expense Cash Answer is not complete. General Journal Debit Credit 614,881 614,881 > > 18,446 18,446 18,446 18,446 On January 1, 2024, Twister Enterprises, a manufacturer of a variety of transportable spin rides, issues $560,000 of 7% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year. 3. If the market interest rate is 6%, the bonds will issue at $614,881. 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. Round your answers to the nearest dollar amount.) No Date 1 January 01, 2024 Cash Bonds Payable 2 June 30, 2024 Interest Expense Cash 3 December 31, 202 Interest Expense Cash Answer is not complete. General Journal Debit Credit 614,881 614,881 > > 18,446 18,446 18,446 18,446
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