On January 1, 2018, Twister Enterprises, a manufacturer of a variety of transportable spin rides, issues $510,000 of 7% bonds, due in 10 years, with interest payable semiannually on June 30 and December 31 each year.

f the market interest rate is 7%, the bonds will issue at $510,000. 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" i

If the market interest rate is 8%, the bonds will issue at $475,345. Record the bond issue on January 1, 2018, and the first two semiannual interest payments on June 30, 2018, and December 31, 2018.

If the market interest rate is 6%, the bonds will issue at $547,938. 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.)