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need help asap. hw due very soon. On January 1,2024 , White Water issues $400,000 of 5% bonds, due in 15 years, with interest payable
need help asap. hw due very soon.
On January 1,2024 , White Water issues $400,000 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 $400,000, 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.)Step by Step Solution
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