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On January 1, 2021. Splash City issues $500,000 of 9% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31

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On January 1, 2021. Splash City issues $500,000 of 9% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year Required: Assuming the market interest rate on the issue date is 9%, the bonds will issue at $500,000. Record the bond issue on January 1, 2021. and the first two semiannual interest payments on June 30, 2021, and December 31, 2021. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 2 3 > Record the bond issue Notes Enter debits before credit Date January 01, 2021 Generdedoumal Debit Credit Record entry Clear entry View general Journal

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