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Required information (The following information applies to the questions displayed below] On January 1, 2021. Twister Enterprises, a manufacturer of a variety of transportable spin
Required information (The following information applies to the questions displayed below] On January 1, 2021. Twister Enterprises, a manufacturer of a variety of transportable spin rides, issues $560,000 of 7% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year. 3. If the market interest rate is 6%, the bonds will issue at $614,881. Record the bond issue on January 1, 2021, and the first two semiannual interest payments on June 30, 2021, and December 31, 2021 (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.) View transaction list View journal entry worksheet Credit NO 1 Debit 614,881 Date General Journal January 01, 2021 Cash Bonds Payable Premium on Bonds Payable 560,000 54 881 2 2 June 30, 2021 446 Interest Expense Premium on Bonds Payable Cash 19.600 December 31. 2021 terest Expense Premium on Bonds Payable Cash 19,600
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