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Required information [The following information applies to the questions displayed below.] On January 1,2024 , White Water issues $440,000 of 7% bonds, due in 10
Required information [The following information applies to the questions displayed below.] On January 1,2024 , White Water issues $440,000 of 7% bonds, due in 10 years, with interest payable semiannually on June 30 and December 31 each year. Assuming the market interest rate on the issue date is 8%, the bonds will issue at $410,103. . Record the bond issue on January 1, 2024, and the first two semiannual interest payments on June 30, 2024, and December 31 , 024. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Round our final answers to the nearest whole dollar.) Journal entry worksheet Note: Enter debits before credits. Journal entry worksheet Record the first semiannual interest payment. Note: Enter debits before credits. Journal entry worksheet Record the second semiannual interest payment. Note: Enter debits before credits
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