Required information Exercise 9-14 (Static) Record bonds issued at a discount and related semiannual interest (LO9-5) [The following information applies to the questions displayed below] On January 1, 2024, White Water issues $600,000 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 8%, the bonds will issue at $559,229. Exercise 9-14 (Static) Part 2 2. Record the bond issue on January 1, 2024, and the first two semiannual interest payments on June 30, 2024, and December 31, 2024. (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) Show Transcribed Text Journal entry worksheet 2 3 Record the bond issue. Note: Enter debits before credits. Date January 01, 2024 General Journal Debit Credit
Required information Exercise 9-14 (Static) Record bonds issued at a discount and related semiannual interest (LO9-5) [The following information applies to the questions displayed below] On January 1, 2024, White Water issues $600,000 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 8%, the bonds will issue at $559,229. Exercise 9-14 (Static) Part 2 2. Record the bond issue on January 1, 2024, and the first two semiannual interest payments on June 30, 2024, and December 31, 2024. (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) Show Transcribed Text Journal entry worksheet 2 3 Record the bond issue. Note: Enter debits before credits. Date January 01, 2024 General Journal Debit Credit
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Please do not give solution in image format ?.
![Required information
Exercise 9-14 (Static) Record bonds issued at a discount and related semiannual interest (LO9-5)
[The following information applies to the questions displayed below.]
On January 1, 2024, White Water issues $600,000 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 8%, the bonds will issue at $559,229
Exercise 9-14 (Static) Part 2
2. Record the bond issue on January 1, 2024, and the first two semiannual interest payments on June 30, 2024, and December 31,
2024 (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.)
Show Transcribed Text
Journal entry worksheet
1
2
3
Record the bond issue.
Note: Enter debits before credits.
Date
January 01, 2024
General Journal
Debit
Credit](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F4385e2ca-8485-4310-b38e-9d03a6e64df2%2F4861259d-84c7-4a43-b7af-6a385dcbf825%2Fu0r226_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Required information
Exercise 9-14 (Static) Record bonds issued at a discount and related semiannual interest (LO9-5)
[The following information applies to the questions displayed below.]
On January 1, 2024, White Water issues $600,000 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 8%, the bonds will issue at $559,229
Exercise 9-14 (Static) Part 2
2. Record the bond issue on January 1, 2024, and the first two semiannual interest payments on June 30, 2024, and December 31,
2024 (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.)
Show Transcribed Text
Journal entry worksheet
1
2
3
Record the bond issue.
Note: Enter debits before credits.
Date
January 01, 2024
General Journal
Debit
Credit
Transcribed Image Text:Journal entry worksheet
<
2
Record the first semiannual interest payment.
Note: Enter debits before credits.
Date
June 30, 2024
Show Transcribed Text
Journal entry worksheet
1
2
3
3
Date
December 31, 2024
Note: Enter debits before credits.
General Journal
Record the second semiannual interest payment.
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