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Required information

Exercise $9-18($Static$)$ Record bonds issued at a premium and related annual interest $($LO$9-5)$

$[$The following information applies to the questions displayed below.$]$

On January $1,2024,$ White Water issues $$600,000$ of $7\%$ bonds, due in $10$ years, with interest payable annually on December $31$ each year.

Assuming the market interest rate on the issue date is $6\%,$ the bonds will issue at $$644,161.$

Exercise $9-18($Static$)$ Part $2$

$2.$ Record the bond issue on January $1,2024,$ and the first two interest payments on December $31,2024,$ and December $31,2025.($If no entry is required for a particular transaction$/$event$,$ select $"$No Journal Entry Required" in the first account field. Round your final answers to the nearest whole dollar.$)$

$\backslash$table$[[$No$,$Date,General Journal,Debit,Credit$],[1,$January $01,2024,$Cash,$,644,161vv,],[,$Discount on Bonds Payable,$ox,44,161,x$