n January $1,2024,$ White Water issues $$520,000$ of $5\%$ bonds, due in $15$ years, with interest payable semiannually on June $30$ and December $31$ each year.

Assuming the market interest rate on the issue date is $6\%,$ the bonds will issue at $$469,041.$

Exercise $9-14($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 $31,2024.$