On January $1,2024,$ Water Mania issues issues $$2,700,000$ of $9\%$ bonds, due in $10$ years, with interest payable semiannually on June $30$ and December $31$ each year.

Required:

If the market interest rate is $9\%,$ the bonds will issue at $$2,700,000.$ Record the bond issue on January $1,2024,$ and the first two semiannual interest payments on June $30,2024,$ and December $31,2024.$

If the market interest rate is $10\%,$ the bonds will issue at $$2,531,760.$ Record the bond issue on January $1,2024,$ and the first two semiannual interest payments on June $30,2024,$ and December $31,2024.$

If the market interest rate is $8\%,$ the bonds will issue at $$2,883,469.$ Record the bond issue on January $1,2024,$ and the first two semiannual interest payments on June $30,2024,$ and December $31,2024.$

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If the market interest rate is $10\%,$ the bonds will issue at $$2,531,760.$ 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. Round your answers to the nearest dollar amount.$)$

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