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Required information [ The following information applies to the questions displayed below. ] On January 1 , 2 0 2 4 , Universe of Fun

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Required information
[The following information applies to the questions displayed below.]
On January 1,2024, Universe of Fun issues $870,000,8% bonds that mature in 10 years. The market interest rate for bonds of similar risk and maturity is 9%, and the bonds issue for $813,415. Interest is paid semiannually on June 30 and December 31.
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 is required for a particular transaction, select "No Journal Entry Required" in the first account field. Roun your answers to the nearest dollar amount.)
Journal entry worksheet
1
2
3
Note: Enter debits before credits.
\table[[Date,General Journal,Debit,]]
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