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On January 1, 2024, Splash City issues $470,000 of 9% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31

image text in transcribed On January 1, 2024, Splash City issues $470,000 of 9% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year. Assuming the market interest rate on the issue date is 8%, the bonds will issue at $516,513. ecord the bond issue on January 1, 2024, and the first two semiannual rest payments on June 30,2024, and December 31, 2024. (If no entry is uired for a particular transaction/event, select "No Journal Entry Required" he first account field. Round your final answers to the nearest whole ar.) Journal entry worksheet

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