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On January 1, 2024, White Water issues $400,000 of 5% bonds, due in 15 years, with interest payable annually on December 31 each year. Required:
On January 1, 2024, White Water issues $400,000 of 5% bonds, due in 15 years, with interest payable annually on December 31 each year. Required: Assuming the bonds issue for $400,000, record the bond issue on January 1, 2024, and the first two interest payments on December 31, 2024, to December 31, 2025. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet < 1 2 3 Record the issuance of the bond. Note: Enter debits before credits. Date January 01, 2024 General Journal Debit Credit Record entry Clear entry View general journal >
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