Question
Pretzelmania, Incorporated, issues 5%, 10-year bonds with a face amount of $68,000 for $68,000 on January 1, 2024. Interest is paid semiannually on June
Pretzelmania, Incorporated, issues 5%, 10-year bonds with a face amount of $68,000 for $68,000 on January 1, 2024. Interest is paid semiannually on June 30 and December 31 Required: 1. & 2. Record the bond issue on January 1, 2024 and first interest payment on June 30, 2024. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet < 1 2 Record the bond issue on January 1, 2024. Note: Enter debits before credits. Date January 01, 2024 General Journal Debit Credit Record entry Clear entry View general journal Pretzelmania, Incorporated, issues 5%, 10-year bonds with a face amount of $68,000 for $68,000 on January 1, 2024. Interest is paid semiannually on June 30 and December 31. Required: 1. & 2. Record the bond issue on January 1, 2024 and first interest payment on June 30, 2024. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet < 1 2 Record the first interest payment on June 30, 2024. Note: Enter debits before credits. Date June 30, 2024 General Journal Debit Credit Record entry Clear entry View general journal
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