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journal entry jan 1, 2024 june 30, 2024 dec 31, 2024 On January 1, 2024, Splash City issues $420,000 of 7% bonds, due in 10
journal entry
On January 1, 2024, Splash City issues $420,000 of 7% bonds, due in 10 years, with interest payable semiannually on June 30 and December 31 each year. Assuming the market interest rate on the issue date is 8%, the bonds will issue at $391,462. Exercise 9-11 (Algo) Part 2 2. 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 fleld. Round your intermedlate and final answers to the nearest whole dollar.) Journal entry worksheet Notes Lnter debits before credits jan 1, 2024
june 30, 2024
dec 31, 2024
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