Required information Problem 9-7A (Algo) Prepare a bond amortization schedule and record transactions for the...
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Required information Problem 9-7A (Algo) Prepare a bond amortization schedule and record transactions for the bond issuer (LO9-5) [The following information applies to the questions displayed below.] On January 1,2024 , Universe of Fun issues $880,000,7% bonds that mature in 15 years. The market interest rate for bonds of similar risk and maturity is 8%, and the bonds issue for $803.915. Interest is paid semiannually on June 30 and December 31. Problem 9-7A (Algo) Parts 2 \& 3 2. \& 3. Record the issuance of the bonds on January 1, the interest payments on June 30, and December 31, 2024. (If no journal entry s required for a particular transaction, select "No Journal Entry Required" in the first account field. Round your answers to the nearest dollar amount.) Journal entry worksheet Note: Enter debits before credits. Journal entry worksheet Note: Enter debits before credits. Journal entry worksheet
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