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Required information [The following information applies to the questions displayed below] On January 1, 2024, Splash City Issues $310,000 of 9% bonds, due in
Required information [The following information applies to the questions displayed below] On January 1, 2024, Splash City Issues $310,000 of 9% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year. Assuming the market interest rate on the issue date is 8%, the bonds will issue at $340,679. 2. 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 final answers to the nearest whole dollar.) View transaction list Journal entry worksheet 3 Record the bond issue. Note: Enter debits before credits Date January 01, 2024 General Journal Debit Credit View general journal Racordantry Clear entry >
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