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b Required information Exercise 9-11 (Algo) Record bonds issued at a discount and related semiannual interest (LO9-5) [The following information applies to the questions displayed
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Required information Exercise 9-11 (Algo) Record bonds issued at a discount and related semiannual interest (LO9-5) [The following information applies to the questions displayed below] On January 1, 2024, Splash City issues $490,000 of 8% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year. Assuming the market interest rate on the issue date is 9%, the bonds will issue at $450.092. Exercise 911 (Algo) Part 2 2. Record the bond issue on January 1, 2024, and the first two semiannual interest payments on June 30, 2024, and December 31 , 2024. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Round your intermediote and final answers to the neorest whole dollart Journal entry worksheet wote: Cncer aedics berpre credits. Journal entry worksheet Note: Enter debits before credits. Journal entry worksheet Step by Step Solution
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