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Problem 9.5A (Algo) Record bond issue and related interest (LO9.5) The following infomation applies to the questions displayed below) On January 1, 2024, Twister Enteipises,

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Problem 9.5A (Algo) Record bond issue and related interest (LO9.5) The following infomation applies to the questions displayed below) On January 1, 2024, Twister Enteipises, a manufacturer of a variety of transpoitabie spin rides, issues $400000 of 6% bonds, due in 20 years, with interest payable semianinually on June 30 and Decenber 31 each yeac Problem 9-5A (Algo) Part 1 Required: 1. If the market interest rate is 6%, the bonds wili issue at $400,000. Record the bond issue on fanuary 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 transactionievent. select "No Journal Entry Required" in the first account field.) Record the bond issue. Note: Laker detrits bofoce concite. Record the first semiannual interest payment. Notir Exter debilts tworn ordits. Record the second semiannual interest payment. Notes Enter debitsi before credits

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