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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]

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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. 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 Decernber 31, 025 . (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account fleld. ound your final answers to the nearest whole dollar.) Journal entry worksheet 3 Journal entry worksheet 3 Record the second annual interest payment. Note: Enter debits before credits

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