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Required information Problem 9 - 5 A ( Algo ) Record bond issue and related interest ( LO 9 - 5 ) Skip to question

Required information
Problem 9-5A (Algo) Record bond issue and related interest (LO9-5)
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[The following information applies to the questions displayed below.]
On January 1,2024, Twister Enterprises, a manufacturer of a variety of transportable spin rides, issues $540,000 of 7% bonds, due in 10 years, with interest payable semiannually on June 30 and December 31 each year.
Problem 9-5A (Algo) Part 3
3. If the market interest rate is 6%, the bonds will issue at $580,169. 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 answers to the nearest dollar amount.)

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