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On January 1, 2024, Water Mania issues issues $1,880,000 of 9% bonds, due in 20 years, with interest payable semiannually on June 30 and December
On January 1, 2024, Water Mania issues issues $1,880,000 of 9% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year Required: 1. If the market interest rate is 9%, the bonds will issue at $1,880,000. Record the bond issue on January 1, 2024, and the first two semiannual interest payments on June 30, 2024, and December 31, 2024 2. If the market interest rate is 10%, the bonds will issue at $1,718,705 Record the bond issue on January 1, 2024, and the first two semiannual interest payments on June 30, 2024, and December 31, 2024. 3. If the market interest rate is 8%, the bonds will issue at $2,066,052 Record the bond issue on January 1, 2024, and the first two semiannual interest payments on June 30, 2024, and December 31, 2024 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 If the market interest rate is 10%, the bonds will issue at $1,718,705. 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. Round your answers to the nearest dollar amount.) View transaction list Journal entry worksheet 1 2 Record the bond issue. Note: Enter debits before credits. Date January 01, 2024 Cash 3 General Journal Debit 1,600,834 Credit www
On January 1, 2024, Water Mania issues issues $1,880,000 of 9% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year Required: 1. If the market interest rate is 9%, the bonds will issue at $1,880,000 Record the bond issue on January 1, 2024, and the first two semiannual interest payments on June 30, 2024, and December 31, 2024 2. If the market interest rate is 10%, the bonds will issue at $1,718,705. Record the bond issue on January 1, 2024, and the first two semiannual interest payments on June 30, 2024, and December 31, 2024 3. If the market interest rate is 8%, the bonds will issue at $2,066,052 Record the bond issue on January 1, 2024, and the first two semiannual interest payments on June 30, 2024, and December 31, 2024 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 If the market interest rate is 10%, the bonds will issue at $1,718,705. 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. Round your answers to the nearest dollar amount.) View transaction list Journal entry worksheet Record the bond issue. Note: Enter debits before credits. 3 Date General Journal Debit Credit January 01, 2024 Cash 1,600,834
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