do journal worksheet

Brief Exercise 9-13 (Algo) Record bond issue at a premium and related annual interest (LO9-5) Pretzelmania, Incorporated issues 5%, 20-year bonds with a face amount of $50,000 for $56,795 on January 1, 2024. The market interest rate for bonds of similar risk and maturity is 4%. Interest is paid annually on December 31. Required: 1. & 2. Record the bond issue on January 1, 2024 and first interest payment on December 31, 2024. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Do not round your intermediate calculations. Round final answers to the nearest whole dollar.) View transaction list Journal entry worksheet