Pretzelmania, Incorporated, issues 6%, 10-year bonds with a face amount of $69,000 for $69,000 on January 1, 2024. Interest is paid semiannually on June 30 and December 31. Required: & 2. Record the bond issue on January 1, 2024 and first interest payment on June 30, 2024. (If no entry is required for a particula cransaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 2

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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D2.

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Pretzelmania, Incorporated, issues 6%, 10-year bonds with a face amount of $69,000 for $69,000 on January 1, 2024. Interest is paid
semiannually on June 30 and December 31.
Required:
1. & 2. Record the bond issue on January 1, 2024 and first interest payment on June 30, 2024. (If no entry is required for a particular
transaction/event, select "No Journal Entry Required" in the first account field.)
View transaction list
Journal entry worksheet
Record the first interest payment on June 30, 2024.
Note: Enter debits before credits.
General Journal.
Date
June 30, 2024 Interest Expense
Cash
Debit
Credit
Transcribed Image Text:Pretzelmania, Incorporated, issues 6%, 10-year bonds with a face amount of $69,000 for $69,000 on January 1, 2024. Interest is paid semiannually on June 30 and December 31. Required: 1. & 2. Record the bond issue on January 1, 2024 and first interest payment on June 30, 2024. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the first interest payment on June 30, 2024. Note: Enter debits before credits. General Journal. Date June 30, 2024 Interest Expense Cash Debit Credit
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