On January 1, 2018, Twister Enterprises, a manufacturer of a variety of transportable spin rides, issues $520,000 of 7% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year.

3. If the market interest rate ls 6%, the bonds will Issue at $570 961. Record the bond issue on January 1 for a transaction/event, select "No journal entry required" in the first account field.) 2018, and the first two semiannual Interest payments on June 30, 2018 and December 31 2018. If no entry Is required View transaction list Journal entry worksheet Record lhe bund issue Note: Enter debits before credits. Date General Journal Debit Credit January 01, 2018 Record entry Clear entry View general journal