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Required information [The following information applies to the questions displayed below] On January 1, 2024, Universe of Fun issues $760,000,7% bonds that mature in 10

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Required information [The following information applies to the questions displayed below] On January 1, 2024, Universe of Fun issues $760,000,7% bonds that mature in 10 years. The market interest rate for bonds of similar risk and maturity is 8%, and the bonds issue for $708,357. Interest is paid semiannually on June 30 and December 31 2. 8. 3. Record the issuance of the bonds on January 1, the interest payments on June 30, and December 31, 2024. (If no journal entry s required for a particular transaction, select "No Journal Entry Required" in the first account field. Round your answers to the hearest dollar amount.) Journal entry worksheet

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