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e D 6 On July 1, 2024, Wildhorse Corp. issued $4.02 million of 10-year, 5% bonds at $4,348,664. This price resulted in a 4% market
e D 6 On July 1, 2024, Wildhorse Corp. issued $4.02 million of 10-year, 5% bonds at $4,348,664. This price resulted in a 4% market interest rate on the bonds. The bonds pay semi-annual interest on July 1 and January 1, and Wildhorse has a December 31 year end. (a) Your answer is correct. Record the issue of the bonds on July 1, 2024. (List debit entry before credit entry. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date July 1, 2024 Account Titles cash Bonds Payable eTextbook and Media List of Accounts Debit 4348664 Credit Attempts: 4348664
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