If the market interest rate is 5%, the bonds will issue at $485,076. Record the bond issue on January 1, 2024, and the first two semiannual interest payments on June 30, 2024, and December 31, 2024.
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If the market interest rate is
5
%
,
the bonds will issue at $
485
,
076
.
Record the bond issue on January
1
,
2024
,
and the first two semiannual interest payments on June
30
,
2024
,
and December
31
,
2024
.
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