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On January 1,2024 , Splash City issues $420,000 of 7% bonds, due in 10 years, with interest payable semiannually on June 30 and December 31

image text in transcribedimage text in transcribedimage text in transcribed On January 1,2024 , Splash City issues $420,000 of 7% bonds, due in 10 years, with interest payable semiannually on June 30 and December 31 each year. Required: Assuming the bonds issue for $420,000, 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.) Journal entry worksheet Note: Enter debits before credits. Journal entry worksheet Record the first semiannual interest payment. Note: Enter debits before credits. Journal entry worksheet Record the second semiannual interest payment. Note: Enter debits before credits

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