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On January 1, 2024, Twister Enterprises, a manufacturer of a variety of transportable spin rides, issues $510,000 of 7% bonds, due in 10 years, with

On January 1, 2024, Twister Enterprises, a manufacturer of a variety of transportable spin rides, issues $510,000 of 7% bonds, due in 10 years, with interest payable semiannually on June 30 and December 31 each year.

2. If the market interest rate is 8%, the bonds will issue at $475,345. Record the bond issue on January 1, 2024, and the first two semiannual interest payments on June 30, 2024, and December 31, 2024

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