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Required information Exercise 9-12 (Algo) Record bonds issued at a premium and related semiannual interest (LO9-5) [The following information applies to the questions displayed below.]
Required information Exercise 9-12 (Algo) Record bonds issued at a premium and related semiannual interest (LO9-5) [The following information applies to the questions displayed below.] On January 1, 2024, Splash City issues $380,000 of 8% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year. Assuming the market interest rate on the issue date is 7%, the bonds will issue at $414,946. Exercise 9-12 (Algo) Part 2 2. 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. Round your final answers to the nearest whole dollar.) Journal entry worksheet Record the bond issue. Note: Enter debits before credits
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