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please show your work, thanks! Required information [The following information applies to the questions displayed below] On January 1.2024. Splash City issues $430.000 of 8%
please show your work, thanks!
Required information [The following information applies to the questions displayed below] On January 1.2024. Splash City issues $430.000 of 8% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 eachyear. Assuming the market interest rate on the issue date is 9%, the bonds will issue at $394,979. 2. 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 transoction/event, select "No Journal Entry Required" in the first account field. Round your intermediate and final answers to the neorest whole dollar.) Step by Step Solution
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