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! Required information Exercise 9-18(Static) Record bonds issued at a premium and related annual...

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Exercise 9-18(Static) Record bonds issued at a premium and related annual 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 annually on December 31 each year.
Assuming the market interest rate on the issue date is 6%, the bonds will issue at $644,161.
Exercise 9-18(Static) Part 2
2. Record the bond issue on January 1,2024, and the first two interest payments on December 31,2024, and December 31,2025.(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.)
\table[[No,Date,General Journal,Debit,Credit],[1,January 01,2024,Cash,,644,161vv,],[,Discount on Bonds Payable,ox,44,161,x
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