On January 1,2024 , Water Mania issues issues $2,000,000 of 8% bonds, due in 10 years, with interest payable semiannually on June 30 and December 31 each year. Required: 1. If the market interest rate is 8%, the bonds will issue at $2,000,000. 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 9%, the bonds will issue at $1,869,921. 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 7%, the bonds will issue at $2,142,124. 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. If the market interest rate is 8%, the bonds will issue at $2,000,000. 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 Noce: tnter aedits perore crealts. On January 1, 2024, Water Mania issues issues $2,000,000 of 8% bonds, due in 10 years, with interest payable semiannually on June 30 and December 31 each year. Required: 1. If the market interest rate is 8%, the bonds will issue at $2,000,000. 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 9%, the bonds will issue at $1,869,921. 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 7%, the bonds will issue at $2,142,124. 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. If the market interest rate is 9%, the bonds will issue at $1,869,921. 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 Joumal Entry Required" in the first account field. Round your answers to the nearest dollar amount.) Journal entry worksheet 3 On January 1,2024 , Water Mania issues issues $2,000,000 of 8% bonds, due in 10 years, with interest payable semiannually on June 30 and December 31 each year. Required: 1. If the market interest rate is 8%, the bonds will issue at $2,000,000. 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 9%, the bonds will issue at $1,869,921. 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 7%, the bonds will issue at $2,142,124. 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. If the market interest rate is 7%, the bonds will issue at $2,142,124, 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 fleld. Round your answers to the nearest dollar amount.) Journal entry worksheet 3 Note: Enter debits before credits
