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! Required information [ The following information applies to the questions displayed below. ] On January 1 , 2 0 2 4 , Twister Enterprises,

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Required information
[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 $530,000 of 7%
bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year.
Required:
If the market interest rate is 7%, the bonds will issue at $530,000.
1.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.)
2. If the market interest rate is 8%, the bonds will issue at $477,549. 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.)
3. If the market interest rate is 6%, the bonds will issue at $591,254. 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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