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A company issues 5%, 9-year bonds with a face amount of $60,000 for $64,498 on January 1, 2024. The market interest rate for bonds of

A company issues 5%, 9-year bonds with a face amount of $60,000 for $64,498 on January 1, 2024. The market interest rate for bonds of similar risk and maturity is 4%. Interest is paid semiannually on June 30 and December 31.

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Journal entry worksheet Note: Enter debits before credits. Journal entry worksheet Record the first interest payment on June 30, 2024. Note: Enter debits before credits

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