A company issues $5\%,9-$year bonds with a face amount of $$80,000$ on January $1,2024.$ The market interest rate for bonds of similar risk and maturity is also $5\%.$ Interest is paid semiannually on June $30$ and December $31.$

Record the bond issue on January $1,2024,$ and the first interest payment on June $30,2024.($If no entry is required for a particular transaction$/$event$,$ select $"$No Journal Entry Required" in the first account field.$)$

Journal entry worksheet

$2$

Note: Enter debits before credits.

$\backslash$table$[[$Date$,$General Journal,Debit,Credit$],[\backslash$table$[[$January $01,],[2024]],,,],[,,,],[,,,],[,,,]]$

A company issues $5\%,9-$year bonds with a face amount of $$80,000$ on January $1,2024.$ The market interest rate for bonds of similar risk and maturity is also $5\%.$ Interest is paid semiannually on June $30$ and December $31.$

Record the bond issue on January $1,2024,$ and the first interest payment on June $30,2024.($If no entry is required for a particular transaction$/$event$,$ select $"$No Journal Entry Required" in the first account field.$)$

Journal entry worksheet

$1$

$2$

Record the first interest payment on June $30,2024.$

Note: Enter debits before credits.

$\backslash$table$[[$Date$,$General Journal,Debit,Credit$],[$June $30,2024,,,],[,,,],[,,,],[,,,],[,,,]]$

A company issues $5\%,9-$year bonds with a face amount of $$80,000$ on January $1,2024.$ The market interest rate for bonds of similar risk and maturity is also $5\%.$ Interest is paid semiannually on June $30$ and December $31.$

Record the bond issue on January $1,2024,$ and the first interest payment on June $30,2024.($If no entry is required for a particular transaction$/$event$,$ select $"$No Journal Entry Required" in the first account field.$)$

Journal entry worksheet

$1$

$2$

Record the bond issue.

Note: Enter debits before credits.

$\backslash$table$[[$Date$,$General Journal,Debit,Credit$],[\backslash$table$[[$January $01,],[2024]],,,],[,,,],[,,,],[,,,]]$