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Required information [The following information applies to the questions displayod below.] On January 1, 2024, White Water issues $590,000 of 6% bonds, due in 20

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Required information [The following information applies to the questions displayod below.] On January 1, 2024, White Water issues $590,000 of 6% bonds, due in 20 years, with interest payable semiannualy on June 30 and December 31 each year. Assuming the market interest rate on the issue date is 7%, the bonds will issue at $527,001. 2. Record the bond issue on January 1, 2024, and the first fwo semiannual interest paryments on June 30, 2024, and December 31 , 2024. If no entry is required for a particular transaction/event, select "No Journai Cintry Required" in the first account field. Round your finat answers to the nearest whole dollar.) 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 fieid. Round your final answers to the nearest whole dollat.)

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