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The Gonzalez Group issued $910,000 of 13% bonds on June 30,2024 , for $978,459. - The bonds were dated on June 30 and mature on
The Gonzalez Group issued $910,000 of 13% bonds on June 30,2024 , for $978,459. - The bonds were dated on June 30 and mature on June 30,2044 (20 years). - The market yield for bonds of similar risk and maturity is 12%. - Interest is paid semiannually on December 31 and June 30. Required: 1. to 3. Prepare the journal entries to record their issuance by The Gonzalez Group on June 30, 2024, interest on December 31 , 2024 and interest on June 30, 2025 (at the effective rate). Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field
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