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Required information (The following information applies to the questions displayed below)...

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Accounting

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Required information (The following information applies to the questions displayed below) On January 1, 2021, Splash City issues $340,000 of 9% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year Assuming the market interest rate on the issue date is 10%, the bonds will issue at $310,831. 2. 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. Round your intermediate and final answers to the nearest whole dollor.) View transaction list Vlow journal entry worksheet No Credit 1 Date General Journal January 01, 2021 Canh Premium on Bonds Payable Bonds Payable Debit 310,831 354 368 2 June 30, 2021 Interest Expense Premium on Bonds Payable Cash 14,946 354 15,300 3 December 31 2021 Interest Expense Premium on Bonds Payable Cash

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