On January 1, 2021, Water Mania issues $1,000,000 of 6% bonds, due in ten years, with interest payable semi-annually on

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On January 1 2021 Water Mania Issues 1 000 000 Of 6 Bonds Due In Ten Years With Interest Payable Semi Annually On 1 (41.41 KiB) Viewed 8 times

On January 1 2021 Water Mania Issues 1 000 000 Of 6 Bonds Due In Ten Years With Interest Payable Semi Annually On 2 (44.67 KiB) Viewed 8 times

On January 1 2021 Water Mania Issues 1 000 000 Of 6 Bonds Due In Ten Years With Interest Payable Semi Annually On 3 (40.3 KiB) Viewed 8 times

On January 1 2021 Water Mania Issues 1 000 000 Of 6 Bonds Due In Ten Years With Interest Payable Semi Annually On 4 (45.06 KiB) Viewed 8 times

On January 1, 2021, Water Mania issues $1,000,000 of 6% bonds, due in ten years, with interest payable semi-annually on June 30 and December 31 each year. Required: 1. If the market interest rate is 6%, the bonds will issue at $1,000,000. Record the bond issue on January 1, 2021, and the first two semi-annual interest payments on June 30, 2021, and December 31, 2021. 2. If the market interest rate is 7%, the bonds will issue at $928,938. Record the bond issue on January 1, 2021, and the first two semi- annual interest payments on June 30, 2021, and December 31, 2021. 3. If the market interest rate is 5% the bonds will issue at $1,077,946. Record the bond issue on January 1, 2021, and the first two semi- annual interest payments on June 30, 2021, and December 31, 2021. Complete this question by entering your answers in the tabs below. Required 1 Required 2 If the market interest rate is 6%, the bonds will issue at $1,000,000. Record the bond issue on January 1, 2021, and the first two semi- annual 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.) View transaction list Required 3 Journal entry worksheet 3

If the market interest rate is 6%, the bonds will issue at $1,000,000. Record the bond annual interest payments on June 30, 2021, and December 31, 2021. (If no entry is re "No Journal Entry Required" in the first account field.) View transaction list 1 Record the bond issue. 2 Record the first semi-annual interest payment. 3 Record the second semi-annual interest payment. Note : journal entry has been entered X Credit

Required 1 Required 2 If the market interest rate is 7%, the bonds will issue at $928,938. Record the bond issue on annual interest payments on June 30, 2021, and December 31, 2021. (If no entry is required "No Journal Entry Required" in the first account field.) View transaction list 1 2 3 Required 3 Record the bond issue. Record the first semi-annual interest payment. Record the second semi-annual interest payment. EX Credit

Required 1 If the market interest rate is 5% the bonds will issue at $1,077,946. Record the bond issue on Ja annual interest payments on June 30, 2021, and December 31, 2021. (If no entry is required for "No Journal Entry Required" in the first account field.) Required 2 Required 3 View transaction list 1 3 Record the bond issue. 2 Record the first semi-annual interest payment. Record the second semi-annual interest payment. X EX Credit