9-10

Exercise 9-20 (Algo) Record the early retirement of bonds issued at a premium (LO9-6) [The following information applies to the questions displayed below] On January 1, 2024, White Water issues $480,000 of 6% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year. The market interest rate on the issue date is 5% and the bonds issued at $540,247. xercise 9-20 (Algo) Part 2 If the market interest rate increases to 7% on December 31,2026 , it will cost $432,718 to retire the bonds. Record the retirement of bonds on December 31, 2026. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in he first account field. Round your final answers to the nearest whole dollar.) Journal entry worksheet Record the retirement of the bonds Wote: Enter debiss before credits