On January 1, 2018, Twister Enterprises, a manufacturer of a variety of transportable spin rides, issues $450,000 of 6% bonds, due in 10 years, with interest payable semiannually on June 30 and December 31 each year.

If the market interest rate is 6%, the bonds will issue at $450,000. Record the bond issue on January 1, 2018, and the first two semiannual interest payments on June 30, 2018, and December 31, 2018. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

If the market interest rate is 7%, the bonds will issue at $418,022. Record the bond issue on January 1, 2018, and the first two semiannual interest payments on June 30, 2018, and December 31, 2018. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

If the market interest rate is 5%, the bonds will issue at $485,076. Record the bond issue on January 1, 2018, and the first two semiannual interest payments on June 30, 2018, and December 31, 2018. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

View transaction list Journal entry worksheet Record the bond issue. Note: Enter debits before credits. Date General Journal Debit Credit January 01, 2018 Record entry Clear entry View general jourmal View transaction list Journal entry worksheet Record the first semiannual interest payment. Note: Enter debits before credits. Date General Journal Debit Credit June 30, 2018 Record entry Clear entry View general jourmal View transaction list Journal entry worksheet Record the second semiannual interest payment. Note: Enter debits before credits. Date General Journal Debit Credit December 31, 2018 Record entry Clear entry View general journal View transaction list Journal entry worksheet 2 Record the bond issue. Note: Enter debits before credits. Cate General Journa Debit Credit January 01, 2018 Record entry Clear entry View general journal Journal entry worksheet Record the first semiannual interest payment. Note: Enter debits before credits. Date General Journa Debit Credit June 30, 2018 Record entry Clear entry View general journal View transaction list Journal entry worksheet Record the first semiannual interest payment. Note: Enter debits before credits. Date General Journal Debit Credit June 30, 2018 Record entry Clear entry View general journal View transaction list Journal entry worksheet Record the bond issue. Note: Enter debits before credits. Date General Journal Debit Credit January 01, 2018 Record entry Clear entry View general journal View transaction list Journal entry worksheet Record the second semiannual interest payment. Note: Enter debits before credits. Date General Journal Debit Credit December 31, 2018 Record entry Clear entry View general journal