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its a one question connected Requlred Information Problem 9.4A Record bond issue and related interest (LO9.5) [The following information applies to the questions displayed below.]
its a one question connected
Requlred Information Problem 9.4A Record bond issue and related interest (LO9.5) [The following information applies to the questions displayed below.] On January 1, 2021. Twister Enterprises, a manufacturer of a variety of transportable spin rides, issues $600,000 of 8% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year. Problem 9-4A Part 3 If the market interest rate is 7%, the bonds will issue at $664,065. Record the bond issue on January 1,2021 , and the first two emiannual interest payments on June 30, 2021, and December 31, 2021. (If no entry Is requlred for a pertleuler transectlon/event, elect "No Journal Entry Requlred" In the flrst account fleld. Round your answers to the nearest dollar amount.) Journal entry worksheet 3 Note: Enter debits before credits. 3. If the market interest rate is 7%, the bonds will issue at $664,065. Record the bond issue on January 1,2021 , and the first two semiannual interest payments on June 30, 2021, and December 31, 2021. (If no entry Is requlred for a partleuler trensectlon/event, select "No Journal Entry Requlred" In the flrst account fleld. Round your answers to the nearest dollar amount.) Journal entry worksheet Record the first semiannual interest payment. Note: Enter debits before credits. 3. If the market interest rate is 7%, the bonds will issue at $664,065. Record the bond issue on January 1,2021 , and the first two semiannual interest payments on June 30, 2021, and December 31, 2021. (If no entry Is requlred for a partleuler trensectlon/event, select "No Journal Entry Requlred" In the flrst account fleld. Round your answers to the nearest dollar amount.) Journal entry worksheet 2 Record the second semiannual interest payment. Note: Enter debits before creditsStep by Step Solution
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