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6 Your arbwer is partially correct. Waterwaydihc a nrivate company following ASPE issued 5180,000,5 year bond an January 1,2024 p.jying 7% interest on a semtartuabl
6 Your arbwer is partially correct. Waterwaydihc a nrivate company following ASPE issued 5180,000,5 year bond an January 1,2024 p.jying 7% interest on a semtartuabl bash every january 1 and July 1 Prepure the trintyear jeurnal entries for the bond issue and interest expense assuming the cormpany uses the stratght-line amertization reatiod a market interest rate of 8% and has a year-end of December 31,2024 . (Round answer to 0 decimol placess es. 5.275. Credt acmeurt tities are outamatically indented when the amount is entered, Do not indent manudily if no entry is riquired, select " No. Entry lar the account citlef and enter ofor the amounts Record journal entries in the order presented in the problern. List all debit entries pefore. editi entries)
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