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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
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 $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, 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.) View transaction list Journal entry worksheet Record the bond issue. Journal entry worksheet 1 Record the bond issue. Note: Enter debits before credits, General Journal Debit Credit Date January 01, 2024 Cash Premium on Bonds Payable Bonds Payable Journal entry worksheet Record the first semiannual interest payment. Note: Enter debits before credits. Date General Journal Debit Credit June 30, 2024 Interest Expense Premium on Bonds Payable Cash Journal entry worksheet 3 Record the second semiannual interest payment. General Journal Debit Credit Note: Enter debits before credits. Date December 31, 2024 Interest Expense Premium on Bonds Payable Cash
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