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Required information Problem 9-7A (Algo) Prepare a bond amortization schedule and record transactions for the bond issuer (L09-5) [The following information applies to the
Required information Problem 9-7A (Algo) Prepare a bond amortization schedule and record transactions for the bond issuer (L09-5) [The following information applies to the questions displayed below.) On January 1, 2024, Universe of Fun issues $800,000, 9% bonds that mature in 10 years. The market interest rate for bonds of similar risk and maturity is 10%, and the bonds issue for $750,151. Interest is paid semiannually on June 30 and December 31. Problem 9-7A (Algo) Parts 2 & 3 2. & 3. Record the issuance of the bonds on January 1, the interest payments on June 30, and December 31, 2024. (If no journal entry s required for a particular transaction, select "No Journal Entry Required" in the first account field. Round your answers to the nearest dollar amount.) Journal entry worksheet < 1 2 3 Record the first semiannual interest payment. Note: Enter debits before credits. Date June 30, 2024 General Journal Debit Credit View transaction list Journal entry worksheet 2 3 Record the bond issue. Note: Enter debits before credits. Date January 01, 2024 General Journal Debit Credit Record entry Clear entry View general journal Record entry Clear entry View general journal Journal entry worksheet < 1 2 3 Record the second semiannual interest payment. Note: Enter debits before credits. Date December 31, 2024 General Journal Debit Credit Record entry Clear entry View general journal >
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