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On January 1, 2021. Twister Enterprises, a manufacturer of a variety of transportable spin rides, Issues $580,000 of 8% bonds, due in 10 years, with
On January 1, 2021. Twister Enterprises, a manufacturer of a variety of transportable spin rides, Issues $580,000 of 8% bonds, due in 10 years, with interest payable semiannually on June 30 and December 31 each year, Required: 1. If the market interest rate is 8%, the bonds will issue at $580,000. 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.) NO Debit Credit Answer is not complete. Date General Journal January 01 2021 Cash Bonds Payable Premium on Blonds Payable 1 2 June 30, 2021 Interest Expense Discount on Bonds Payable X 3 December 31, 202 Interest Expense Discount on Bonds Pwyable Cash 15 On January 1, 2021, Twister Enterprises, a manufacturer of a variety of transportable spin rides, issues $580,000 of 8% bonds, due in 10 years with interest payable semiannually on June 30 and December 31 each year on 2 of 2. If the market interest rate is 9%, the bonds will issue at $542.277. 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. Round your answers to the nearest dollar amount) 8 043121 View transaction list 500 Dit Journal entry worksheet Record the bond issue Notetnt des before credite General Journal Debit Credit Date January 01, 2021 On January 1, 2021, Twister Enterprises, a manufacturer of a variety of transportable spin rides issues $580,000 of 8% bonds, due in 10 years, with interest payable semiannually on June 30 and December 31 each year of 3. If the market interest rate is 7%, the bonds will issue at $621216, 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. Round your answers to the nearest dollar amount.) 1.3106 DO View transaction list Journal entry worksheet 1 2 3 Record the bond issue Notenter debits before credits General Journal Debit Credit Date Januy 01, 2021
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