Required information Exercise 9-17 (Static) Record bonds issued at a discount and related annual interest (LO9-5) [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 8%, the bonds will issue at $559,740. xercise 9-17 (Static) Part 1 lequired: Complete the first three rows of an amortization schedule. (Hint. Use Illustration 9-6, except the dates for the first three rows will be 1/2024,12/31/2024, and 12/31/2025 since interest is payable annually rather than semiannually. Interest expense for the period nded December 31, 2024, is calculated as the carrying value of $559,740 times the market rate of 8%.) (Round your final answers to he nearest whole dollar.) Exercise 9-17 (Static) Record bonds issued at a discount and related annual interest (LO9-5) [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 8%, the bonds will issue at $559,740. xercise 9-17 (Static) Part 2 . Record the bond issue on January 1, 2024, and the first two interest payments on December 31, 2024, and December 31, 2025. (If o entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Round your nal answers to the nearest whole dollar.) Journal entry worksheet 3 Record the bond issue. Note: Enter debits before credits. Exercise 9-17 (Static) Record bonds issued at a discount and related annual interest (LO9-5) [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 8%, the bonds will issue at $559,740. Exercise 9-17 (Static) Part 2 . Record the bond issue on January 1, 2024, and the first two interest payments on December 31, 2024, and December 31, 2025. (If o entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Round your inal answers to the nearest whole dollar.) Journal entry worksheet Note: tnter debits betore credits. Exercise 9-17 (Static) Record bonds issued at a discount and related annual interest (LO9-5) [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 8%, the bonds will issue at $559,740. xercise 9-17 (Static) Part 2 Record the bond issue on January 1, 2024, and the first two interest payments on December 31, 2024, and December 31, 2025. (If - entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Round your nal answers to the nearest whole dollar.) Journal entry worksheet Note: Enter debits before credits
