On January 1, 2018, Splash City issues $340,000 of 9% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year. Assuming the market interest rate on the issue date is 10%, the bonds will issue at $310,831.

2. Record the bond issue on January 1,2018, and the first two semiannual interest payments on June 30, 2018, and December 31, 2018. (f n View transaction list Journal entry worksheet 2 3 Record the bond issue. Note: Enter debits before aredits. Debit January 01. 2018 Record entry Clear entry View general journal