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1 Required information [ The following information applies to the questions displayed below ] On January 1 , 2 0 2 4 , Twister Enterprises,

1
Required information
[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 $560,000 of 7% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year.
2. If the market interest rate is 8%, the bonds will issue at $511,582. 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.)
Journal entry worksheet
1
2
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Record the bond issue.
Note: Enter debits before credits.
\table[[Date,General Journal,Debit,Credit],[January 01,2024,,,],[,,,],[,,,],[,,,],[,,,],[,,,]]
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