Exercise 9-13 (Algo) Record bonds issued at face amount and related semiannual interest (LO9-5)

On January 1, 2024, White Water issues $550,000 of 5% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year. Required: Assuming the bonds issue for $550,000, 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.)

Exercise 9-13 (Algo) Record bonds issued at face amount and related semiannual interest (LO9-5) On January 1,2024 , White Water issues $550,000 of 5% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year. Required: Assuming the bonds issue for $550,000, 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.)