This question has 3 parts. thanks in advance for any assistance.
Ing Assessment Component Saved Help Required information Problem 9-4A Record bond issue and related interest (LO9-5) [The following information applies to the questions displayed below.) On January 1, 2021, Twister Enterprises, a manufacturer of a variety of transportable spin rides, issues $570,000 of 8% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year. Problem 9-4A Part 1 Required: 1. If the market interest rate is 8%, the bonds will issue at $570,000. Record the bond issue on January 1, 2021, and the first two semiannual interest payments on June 30, 2021, and December 31, 2021. (if no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list View journal entry worksheet Date General Journal No 1 Debit Credit 570,000 January 01, 2021 Cash Bonds Payable 570,000 2 June 30, 2021 Interest Expense Cash 3 December 31, 2021 Interest Expense Required information Problem 9-4A Record bond issue and related interest (L09-5) [The following information applies to the questions displayed below.) On January 1, 2021, Twister Enterprises, a manufacturer of a variety of transportable spin rides, Issues $570,000 of 8% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year. Problem 9-4A Part 2 2. If the market interest rate is 9%, the bonds will issue at $517,555. Record the bond issue on January 1, 2021, and the first two semiannual interest payments on June 30, 2021, and December 31, 2021. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Round your answers to the nearest dollar amount.) View transaction list Journal entry worksheet 1 2 3 > Record the bond issue. Note: Enter debits before credits Required information Problem 9-4A Record bond issue and related interest (LO9-5) [The following information applies to the questions displayed below.) On January 1, 2021, Twister Enterprises, a manufacturer of a variety of transportable spin rides, issues $570,000 of 8% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year. Problem 9-4A Part 3 3. If the market interest rate is 7%, the bonds will issue at $630,862. Record the bond issue on January 1, 2021, and the first two semiannual interest payments on June 30, 2021, and December 31, 2021. (if no entry is required for a particular transaction/event. select "No Journal Entry Required" in the first account field. Round your answers to the nearest dollar amount.) View transaction list Journal entry worksheet
