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3. If the market interest rate is 5%, the bonds will issue at $452,737. 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 answers to the nearest dollar amount.)
Part 3 of 3
Answer is not complete.
General Journal
Debit
Credit
No
Date
5
points
1
January 01, 2024 Cash
Premium on Bonds Payable
Bonds Payable
2
June 30, 2024
Interest Expense
Premium on Bonds Payable
Cash
3
December 31, 202 Interest Expense
Premium on Bonds Payable
Cash
452,737
420,000
1,068
11,532
12,600