Exercise 9-11B Record bonds issued at a discount and related semiannual interest (LO9-6) Skip to question [The following information applies to the questions displayed below.] On January 1, Year 1, a company issues $480,000 of 6% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year. Assuming the market interest rate on the issue date is 7%, the bonds will issue at $428,747. Exercise 9-11B Part 2 2. Record the bond issue on January 1, Year 1, and the first two semiannual interest payments on June 30, Year 1, and December 31, Year 1. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Round your final answers to the nearest whole dollar.)

Required information Exercise 9-11B Record bonds issued at a discount and related semiannual interest (LO9-6) [The following information applies to the questions displayed below.] On January 1, Year 1, a company issues $480,000 of 6% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year. Assuming the market interest rate on the issue date is 7%, the bonds will issue at $428,747. Exercise 9-11B Part 2 2. Record the bond issue on January 1, Year 1, and the first two semiannual interest payments on June 30, Year 1, and December 31, Year 1. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Round your final answers to the nearest whole dollar.) ******** View transaction list View journal entry worksheet No Date General Journal Debit Credit 1 January 01 Cash Discount on Bonds Payable Bonds Payable 2 June 30 Interest Expense Discount on Bonds Payable Cash December 31 Interest Expense Discount on Bonds Payable Cash i 3 480,000