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  3. on january 1, 2021, white water issues $480,000 of

On January 1, 2021, White Water issues $480,000 of 6% bonds, due in 20 years,...

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Accounting

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On January 1, 2021, White Water issues $480,000 of 6% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year. Required: Assuming the market interest rate on the issue date is 6%, the bonds will issue at $480,000. 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.) View transaction list Journal entry worksheet Record the bond issue. Note: Enter debits before credits General Journal Debit Credit Date January 01, 2021 Journal entry worksheet Record the first semiannual interest payment. Note: Enter debits before credits. Date General Journal Debit Credit June 30, 2021 Record entry Clear entry View general journal Journal entry worksheet

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