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3 Required information Problem 9-5A (Algo) Record bond issue and related interest (LO9-5) [The following information applies to the questions displayed below.] On January
3 Required information Problem 9-5A (Algo) Record bond issue and related interest (LO9-5) [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 $400,000 of 6% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year. Problem 9-5A (Algo) Part 2 2. If the market interest rate is 7%, the bonds will issue at $357,290. 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 23 June 30, 2024 Interest Expense Cash December 31, 202 Interest Expense Cash Answer is not complete. General Journal Debit Credit 357,290 357,290 00 12,505 12,505 12.505 12,505
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