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Required information [The following information applies to the questions displayed below] On January 1,2024 , White Water issues $530,000 of 6% bonds, due in 20

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Required information [The following information applies to the questions displayed below] On January 1,2024 , White Water issues $530,000 of 6% 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 7%, the bonds will issue at $473,408. 2. Record the bond issue on January 1,2024, and the first two semiannual interest payments on June 30, 2024, and Decemb 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.)

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