Question
Required information Skip to question [The following information applies to the questions displayed below.] On January 1, 2021, White Water issues $440,000 (face) of 7%
Required information
Skip to question
[The following information applies to the questions displayed below.]
On January 1, 2021, White Water issues $440,000 (face) 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 $410,474.
2. Record the bond issue on January 1, 2021, and the first two interest payments on December 31, 2021, and December 31, 2022. (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.)
make a general journal and please show me how to do it, thank you!
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