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Required information [The following information applies to the questions displayed below.] On January 1, 2024, Twister Enterprises, a manufacturer of a variety of transportable spin
Required information [The following information applies to the questions displayed below.] On January 1, 2024, Twister Enterprises, a manufacturer of a variety of transportable spin rides, issues $440,000 of 6% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year. If the market interest rate is 7%, the bonds will issue at $399,538. Record the bond sue on January 1, 2024, and the first two semiannual interest payments on June 30 , 024 , and December 31, 2024. (If no entry is required for a particular transaction/event, elect "No Journal Entry Required" in the first account field. Round your answers to the earest dollar amount.) Journal entry worksheet Required information [The following information applies to the questions displayed below.] On January 1, 2024, Twister Enterprises, a manufacturer of a variety of transportable spin rides, issues $440,000 of 6% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year. If the market interest rate is 7%, the bonds will issue at $399,538. Record the bond sue on January 1, 2024, and the first two semiannual interest payments on June 30 , 024 , and December 31, 2024. (If no entry is required for a particular transaction/event, elect "No Journal Entry Required" in the first account field. Round your answers to the earest dollar amount.) Journal entry worksheet
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