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A company issues 9%, 8-year bonds with a foce amount of $80,000 for $84,661 on January 1, 2021. The market interest rate for bonds of
A company issues 9%, 8-year bonds with a foce amount of $80,000 for $84,661 on January 1, 2021. The market interest rate for bonds of similar risk and maturity is 8%. Interest is paid semiannually on June 30 and December 31. Required: 1. & 2. Record the bond issue and first interest payment on June 30, 2021 (If no entry is required for a particular transaction/event, select "No Journal Entry Required in the first account field. Do not round Intermediate calculations. Round your answers to the nearest dollar amount.) 0106:23 View transaction list Journal entry worksheet Record the bond issue. Note: Enter debts before credits. General Journal Debit Credit January Here my 13 A company issues 9%, 8 year bonds with a face amount of $80,000 for $84,661 on January 1, 2021 The market interest rate for bonds of similar risk and maturity is 8% Interest is paid semiannually on June 30 and December 31 Required: 1. & 2. Record the bond issue and first interest payment on June 30, 2021. Of no entry is required for a particular transaction/event, select "No Journal Entry Required in the first account field. Do not round Intermediate calculations. Round your answers to the nearest dollar amount.) 8 00 View transactions Journal entry worksheet Record the first interest payment on June 30, 2021. Note Entdebits before credits General Jornal Debit Credit June 30, 2021
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