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$12$

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Required information

$[$The following information applies to the questions displayed below.$]$

On January $1,2024,$ Splash City issues $$450,000$ of $7\%$ bonds, due in $10$ years, with interest payable semiannually on June $30$ and December $31$ each year.

Assuming the market interest rate on the issue date is $6\%,$ the bonds will issue at $$483,476.$

$1\mathrm{.}31$

points

Zecord the bond issue on January $1,2024,$ and the first two semiannual interest payments on June $30,24,$ and December $31,2024.($If no entry is required for a particular transaction$/$event$,$ select $"$No $$rnal Entry Required" in the first account field. Round your final answers to the nearest whole lar.$)$

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Journal entry worksheet

Record the bond issue.

Note: Enter debits before credits.

$\backslash$table$[[$Date$,$General Journal,Debit,Credit$],[$January $01,2024,$Cash,,$],[,$Bonds Payable,,$450,000],[,,,],[,,,],[,,,],[,,,]]$

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$12$

of $19$

Next Required information

$[$The following information applies to the questions displayed below.$]$

On January $1,2024,$ Splash City issues $$450,000$ of $7\%$ bonds, due in $10$ years, with

interest payable semiannually on June $30$ and December $31$ each year.

Assuming the market interest rate on the issue date is $6\%,$ the bonds will issue at

$$483,476.$

$$ecord the bond issue on January $1,2024,$ and the first two semiannual interest payments on June $30,$

$24,$ and December $31,2024.($If no entry is required for a particular transaction$/$event$,$ select $"$No

$$rnal Entry Required" in the first account field. Round your final answers to the nearest whole

lar.$)$

Journal entry worksheet

$3$

Record the first semiannual interest payment.

Note: Enter debits before credits. Required information

$[$The following information applies to the questions displayed below.$]$

On January $1,2024,$ Splash City issues $$450,000$ of $7\%$ bonds, due in $10$ years, with

interest payable semiannually on June $30$ and December $31$ each year.

Assuming the market interest rate on the issue date is $6\%,$ the bonds will issue at

$$483,476.$

Zecord the bond issue on January $1,2024,$ and the first two semiannual interest payments on June $30,$

$24,$ and December $31,2024.($If no entry is required for a particular transaction$/$event$,$ select $"$No

urnal Entry Required" in the first account field. Round your final answers to the nearest whole

lar.$)$

Journal entry worksheet

Record the second semiannual interest payment.

Note: Enter debits before credits. Part $1$ of $2$

Required information

$[$The following information applies to the questions displayed below.$]$

On January $1,2024,$ Splash City issues $$450,000$ of $7\%$ bonds, due in

$10$ years, with interest payable semiannually on June $30$ and

December $31$ each year.

Assuming the market interest rate on the issue date is $6\%,$ the bonds

will issue at $$483,476.$

Required:

Complete the first three rows of an amortization schedule. $($Round your final

answers to the nearest whole dollar.$)$ On January $1,2024,$ Splash City issues $$450,000$ of $7\%$ bonds, due in $10$ years, with interest payable semiannually on June $30$ and December $31$ each year.

Assuming the market interest rate on the issue date is $6\%,$ the bonds will issue at $$483,476.$

Required:

$1.$ Complete the first three rows of an amortization schedule. $($Round your final answers to the nearest whole dollar.$)$