Three journal entries to record 1. Record the bond issue 2. Record the first semiannual...
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Accounting
Three journal entries to record
1. Record the bond issue
2. Record the first semiannual interest payment
3. Record the second semiannual interest payment
Exercise 9-9A Record bonds issued at a premium and related semiannual interest (LO9-5) [The following information applies to the questions displayed below.) On January 1, 2021, Splash City issues $360,000 of 7% bonds, due in 10 years, with interest payable semiannually on June 30 and December 31 each year. Assuming the market interest rate on the issue date is 6%, the bonds will issue at $386,781. Exercise 9.9A Part 2 2. 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 final answers to the nearest whole dollar.) View transaction list Journal entry worksheet 3 Record the bond issue. Note: Enter debits before credits. General Journal Debit Credit Date January 01, 2021
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