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Problem 9-5B (Algo) Record bond issue and related interest (LO9-5) [The following information applies to the questions displayed below.] Viking Voyager specializes in the
Problem 9-5B (Algo) Record bond issue and related interest (LO9-5) [The following information applies to the questions displayed below.] Viking Voyager specializes in the design and production of replica Viking boats. On January 1, 2024, the company issues $2,500,000 of 8% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year. Problem 9-5B (Algo) Part 1 Required: 1. If the market interest rate is 8%, the bonds will issue at $2,500,000. 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 transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list View journal entry worksheet No Date 1 January 01, 2024 General Journal Cash
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