Please dont provide solution image based thanx Required informationExercise 9-11 (Algo) Record bonds issued at a discount and related semiannual interest (LO9-5)[The following information applies to the questions displayed below.]On January 1, 2024, Splash City issues $370,000 of 9% bonds, due in 20 years, with interest payable semiannually onJune 30 and December 31 each year.Assuming the market interest rate on the issue date is 10%, the bonds will issue at $338,257.Exercise 9-11 (Algo) Part 22. Record the bond issue on January 1, 2024, and the first two semiannual interest payments on June 30, 2024, and December 31,2024. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Roundyour intermediate and final answers to the nearest whole dollar.)View transaction listJournal entry worksheet123Record the bond issue.Note: Enter debits before credits.DateJanuary 01, 2024General JournalDebitCredit>< Prey$ 00Sof 14H+H+Next

The bond's face amount less the lower price at which the issuer sold it is known as the discount on…

Required information Exercise 9-11 (Algo) Record bonds issued at a discount and related semiannual interest (LO9-5) [The following information applies to the questions displayed below.] On January 1, 2024, Splash City issues $370,000 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 $338,257. Exercise 9-11 (Algo) Part 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. Roun our intermediate and final answers to the nearest whole dollar.)

Required information Exercise 9-11 (Algo) Record bonds issued at a discount and related semiannual interest (LO9-5) [The following information applies to the questions displayed below.] On January 1, 2024, Splash City issues $370,000 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 $338,257. Exercise 9-11 (Algo) Part 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. Roun our intermediate and final answers to the nearest whole dollar.)

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter13: Long-term Liabilities

Section: Chapter Questions

Problem 5PA: Volunteer Inc. issued bonds with a $500,000 face value, 10% interest rate, and a 4-year term on July...

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