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On January 1, 2024, Splash City issues $420,000 of 7% bonds, due in 10 years, with Interest payable semiannually on June 30 and December 31
On January 1, 2024, Splash City issues $420,000 of 7% bonds, due in 10 years, with Interest payable semiannually on June 30 and December 31 each year. Required: Assuming the bonds issue for $420,000, record the bond issue on January 1, 2024, and the first two semiannual interest payments on June 30, 2024, and December 31, 2024. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) pints Journal entry worksheet < 1 2 3 eBook Hint Print Record the bond issue. References Note: Enter debits before credits. Date January 01, 2024 General Journal Debit Credit Record entry Clear entry View general journal bok int rint rences Journal entry worksheet < 1 2 3 Record the first semiannual interest payment. Note: Enter debits before credits. Date June 30, 2024 General Journal Debit Credit View general journal Record entry Clear entry View transaction list Journal entry worksheet < 1 2 3 Record the second semiannual interest payment. Note: Enter debits before credits. Date December 31, 2024 Saved General Journal Debit Credit Record entry Clear entry View general journal
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