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Required information The following information applies to the questions displayed below ] On Januafy 1, 2024, White Water issues $540,000 of 7% bonds, due in

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Required information The following information applies to the questions displayed below ] On Januafy 1, 2024, White Water issues $540,000 of 7% bonds, due in 10 years, with interest payable annually on December 31 each year. Assuming the market interest rate on the issue date is 8%, the bonds wili issue at $503,764. 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 linal answers to the nearest whole dollar.) Journal entry worksheet 3 Required information [The following nipentaston apples to the quertons cirplyyed ociow] On january 1, 2024, While Whater issues $540,000 of 7% bonds, due in 10 yeors: wich hsereat payoble anmuosy on December 3 eich year Assuming the markef interest rate on the iasue date is Bts, the bonos ins istue at 5503.764 2. Riecord the bond issue on Janualy t, 2024, and the trst two inserest poyments on pecember 31, 2024, and December 31, 2025. if ho entry is required for a particular transactionievent, select "No Journal Entry Required" in the first account fiele. Round yout final answers to the nearest whole dollan) Journal entry worksheet Reoord the fist annual interest payment. Required informaton (The folloning infermutoos apples to the querbons drplayed celow)] On Junusy 1, 2024. Whie Woter issues $540.000 or Ts bonds, aje n 10 years, Wirn userest patyable encuely on December 31 each yeor. Assuming the market interets thte on the issue date is 8 ., the boacs wis insue a1 $503,764 10 entry is required for a particuts tansaction/event, sesect "No Journal Entry Required" in the first account field. Found your inal aniwers to the neorest whole doliac.j Journal entry worksheet Record the second annuat interest pavment

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