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Required information [The following information applies to the questions displayed below.] On January 1,2024 ,...

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Accounting

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Required information [The following information applies to the questions displayed below.] On January 1,2024 , Splash City issues $350,000 of 8% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year. Assuming the market interest rate on the issue date is 9%, the bonds will issue at $321,494. 2. 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 your intermediate and final answers to the nearest whole dollar.)

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