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Issues $560.000 of 6% bonds due in 20 years, with interest payable annually on December 31 each year. Assuming the market interest rate on the
Issues $560.000 of 6% bonds due in 20 years, with interest payable annually on December 31 each year. Assuming the market interest rate on the issue date is 7%, the bonds will issue at $500,674 2. Record the bond issue on January 1, 2021, and the first two interest payments on December 31, 2021, and December 31 2022. (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 Record the bond issue. 2 Record the first annual interest payment. 3 Record the second annual interest payment. Credit Note: - Journal entry has been entered Record entry Clear entry View general journal On January 1, 2021, White Water issues $560,000 of 6% bonds, due in 20 years with interest payable annually on December 31 each year. Assuming the market Interest rate on the Issue date is 7%, the bonds will issue at $500,674 2. Record the bond issue on January 1, 2021, and the first two interest payments on December 31, 2021, and December 31, 2022 (lf no entry is required for a particular transaction/event, select "No Journal Entry Required" In the first account fleld. Round your final answers to the nearest whole dollar.) View transaction list Journal entry worksheet 1 2 3 Record the bond issue. Nota: Enter debits before credits Date General Journal Debit Credit January 01, 2021 Record entry Clear entry View general journal
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