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14 t 2 of 2 Required information [The following information applies to the questions displayed below.) ts On January 1, 2018, White Water issues $450,000
14 t 2 of 2 Required information [The following information applies to the questions displayed below.) ts On January 1, 2018, White Water issues $450,000 of 6% bonds, due in 20 years, with interest payablo annually on December 31 each year, Assuming the market interest rate on the issue date is 5%, the bonds will issue at $506,080. Book 2. Record the bond issue on January 1, 2018, and the first two interest payments on December 31, 2018, and December 31, 2019, (if n entry is required for a transaction/event, select "No journal entry required" in the first account field.) Print erences View transaction list Journal entry worksheet 1 2 3 Record the bond issue. Note: Enter debits before credits Credit General Journal Date January 01, 2018 Cash Debit 64.0001 10 HE Next > Journal entry worksheet 1 N 3 > Record the first annual interest payment. Note: Enter debits before credits. General Journal Debit Credit Date December 31, 2018 2 17. INE Moyt 2 3 Record the second annual interest payment. Note: Enter debits before credits. Date General Journal Debit Credit December 31, 2019
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