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On Janusry 1, 2024, Water Mania fssues issues $2.800,000 of 92 bonds, Due in 15 years with interest plyable semiannually on June 30 and December
On Janusry 1, 2024, Water Mania fssues issues $2.800,000 of 92 bonds, Due in 15 years with interest plyable semiannually on June 30 and December 31 esch yeat. Aequired: 1. If the market interest rate is 9 h, the bonds wal istue at $2,800000 Record the bond issue on Jonuary 1, 2024, and the first two semsannusi mesest peyments on June 30,2024 , and Decenber 31,2024 2. if the market interest rate 3 tosk the bonds war issue at $2.594766. Record the bond sscue on January 1.2024 , and the first two servannual intereat paymens on June 30,2024, and Decernber 31, 2024 3. If the market imerest rote is 8%, the bonds will uspe of $3.042,058. pecord the bond istue on January 1, 2024, and the first mo semiannual interest poyments on june 30, 2024, and December 31,2024 Conplete this quaction by entering wour inswers in the tabs below. Journal entry worksheet
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