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The Gonzalez Group issued $970,000 of 13% bonds on June 30,2024 , for $1,042,973. - The bonds were dated on June 30 and mature on

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The Gonzalez Group issued $970,000 of 13% bonds on June 30,2024 , for $1,042,973. - The bonds were dated on June 30 and mature on June 30,2044 (20 years) - The market yleld 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 joumal entries to record their issuance by The Gonzalez Group on June 30, 2024, interest on December 31, 2024 and interest on June 30, 2025 (ot the effective rate) Note: If no entry is required for a transection/event, select "No joumal entry required" in the first account field. Journal entry worksheet Record the issusnce of the bond on June 30,2024

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