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Required information (The following information applies to the questions displayed below.) On January 1, 2021, Splash City issues $430,000 of 8% bonds, due in
Required information (The following information applies to the questions displayed below.) On January 1, 2021, Splash City issues $430,000 of 8% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year. Assuming the market interest rate on the issue date is 7%, the bonds will issue at $469,544. 2. Record the bond issue on January 1, 2021, and the first two semiannual interest payments on June 30, 2021, and December 31, 2021. (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 fist Journal entry worksheet 1 2 3 Record the bond issue. Note: Enter debits before credits. Date January 01, 2021 General Journal Debit Credit Check my work
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