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On January 1, 2025, Cheyenne Company sold 11% bonds howing a maturity value of $600.000.00 for $671,868.86, which provides the bondholders witha 8% yield. The

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On January 1, 2025, Cheyenne Company sold 11% bonds howing a maturity value of $600.000.00 for $671,868.86, which provides the bondholders witha 8% yield. The bonds are dated January 1, 2025, and mature January 1, 2030, with interest payable December 31 of each year. Cheyeane Company allocates interest and unamortized discount or premium on the effective-interest bask. Click here to view factor tables (a) Prepare the fournalentry at the date of the bond issuance. (found answer to 2 decimal ploces, e., 38.548.25, U no entry is required, select "No Entry" for the occount titles and enter O for the amounts. Credit ocoount titles are outomatically indented when the anount is entered Do not indent manuoly. List all debit entries before credit entries)

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