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Pretzelmania, Incorporated, issues 7%, 10-year bonds with a face amount of $61,000 for $61,000 on January 1, 2024. Interest is pa semiannually on June 30
Pretzelmania, Incorporated, issues 7%, 10-year bonds with a face amount of $61,000 for $61,000 on January 1, 2024. Interest is pa 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 particu transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet < 2 Record the first interest payment on June 30, 2024. Note: Enter debits before credits. Date General Journal Debit Credit June 30, 2024 Interest Expense) Cash Record entry Clear entry View general journal Prev 1 of 20 Next >
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