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Required information [The following information applies to the questions displayed below.] On January 1, 2024, White Water issues $520,000 of 5% bonds, due in
Required information [The following information applies to the questions displayed below.] On January 1, 2024, White Water issues $520,000 of 5% bonds, due in 15 years, with interest payable annually on December 31 each year. Assuming the market interest rate on the issue date is 6%, the bonds will issue at $469,499. 2. Record the bond issue on January 1, 2024, and the first two interest payments on December 31, 2024, and December 31, 2025. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Round your final answers to the nearest whole dollar.) View transaction list 1 Record the bond issue. 2 Record the first annual interest payment. 3 Record the second annual interest payment. Credit >
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