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On January 1,2024 , Splash City issues $300,000 of 7% bonds, due in 10 years,...

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Accounting

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On January 1,2024 , Splash City issues $300,000 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 $322,317. 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 lour final answers to the nearest whole dollar.) Journal entry worksheet 3 IvULE. CIILEI uebils veivie lieulls. Record the second semiannual interest payment. Note: Enter debits before credits. Journal entry worksheet Record the first semiannual interest payment. Note: Enter debits before credits

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