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On January $1,2024,$ Twister Enterprises, a manufacturer of a variety of transportable spin rides, issues $$490,000$ of $8\%$ bonds, due in $10$ years, with interest payable semiannually on June $30$ and December $31$ each year.

Required:

If the market interest rate is $8\%,$ the bonds will issue at $$490,000.$ 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 field.$)$

Journal entry worksheet

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Record the bond issue.

Note: Enter debits before credits.

$\backslash$table$[[$Date$,$General Journal,Debit,Credit$],[$January $01,2024,,,]]$