Rahul NoProblem 9-5B (Algo) Part 33. If the market interest rate is 6%, the bonds will issue at $2,030,344. Record the bond issue on January 1, 2024, and the first twosemiannual interest payments on June 30, 2024, and December 31, 2024. (If no entry is required for a particular transaction/eventselect "No Journal Entry Required" in the first account field. Round your answers to the nearest dollar amount.)12Problem 9-5B (Algo) Record bond issue and related interest (LO9-5)[The following information applies to the questions displayed below.]3Viking Voyager specializes in the design and production of replica Viking boats. On January 1, 2024, the company issues$1,820,000 of 7% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year.DateJanuary 01, 2024 CashJune 30, 2024Bonds PayableInterest ExpenseDecember 31, 202 Interest ExpenseAnswer is not complete.General JournalDebit2,030,344Credit

AB ($1,820,000 * 7%*6/12)C (E*6%*6/12)D (B-C)EDateCash Paid Interest ExpenseDecrease in Carrying…

Viking Voyager specializes in the design and production of replica Viking boats. On January 1, 2024, the company issues $1,820,000 of 7% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year. Problem 9-5B (Algo) Part 3 3. If the market interest rate is 6%, the bonds will issue at $2,030,344. 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/even select "No Journal Entry Required" in the first account field. Round your answers to the nearest dollar amount.)