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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
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 $450,000 of 6% bonds, due in 10 years, with interest payable semiannually on June 30 and December 31 each year. 2. If the market interest rate is 7%, the bonds will issue at $418,022. 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 Ces Record the bond issue. Note: Enter debits before credits Date January 01, 2024 Cash 3 General Journal Debit Credit 418,022 Discount on Bonds Payable 29,262 Bonds Payable 450,000 < Prev 9 10 of 10 Next >
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