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Required Information [The following information applies to the questions displayed below.) On January 1, 2021. Splash City Issues $380,000 of 8% bonds, due in 15
Required Information [The following information applies to the questions displayed below.) On January 1, 2021. Splash City Issues $380,000 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 9%, the bonds will issue at $349,051 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 Intermediate and final answers to the nearest whole dollar) View transaction liat Journal entry worksheet
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