The document contains three exercises describing bond issuances with different interest payment schedules. The first exercise describes a $400,000 bond issuance with 8% interest payable semiannually. The second describes a $500,000 bond issuance with 6% interest also payable semiannually. The third describes another $500,000 bond issuance but with 6% interest payable annually. Each exercise asks to record the bond issuance at face value and the first one or two interest payments depending on the schedule.

1. Exercise 9-5 Record bonds issued at face amount [LO4]
On January 1, 2012, Splash City issues $400,000 of 8% bonds,
due in 15 years, with interest payable semiannually on June 30
and December 31 each year.
Required:
Assuming the market interest rate on the issue date is 8%, the
bonds will issue at $400,000. Record the bond issue on January
1, 2012, and the first two semiannual interest payments on June

2. 30, 2012, and December 31, 2012.
(Omit the "$" sign in your response.)

3. Date
General Journal
Debit
Credit

4. Jan. 1, 2012

5. Jun. 30, 2012

6. Dec. 31, 2012
Exercise 9-8 Record bonds issued at face amount [LO4]

7. On January 1, 2012, White Water issues $500,000 of 6% bonds,
due in 20 years, with interest payable semiannually on June 30
and December 31 each year.
Required:
Assuming the market interest rate on the issue date is 6%, the
bonds will issue at $500,000. Record the bond issue on January
1, 2012, and the first two semiannual interest payments on June
30, 2012, and December 31, 2012.
(Omit the "$" sign in your response.)

9. Date
General Journal
Debit
Credit
Jan. 1, 2012

10. Jun. 30, 2012

11. Dec. 31, 2012

12. Exercise 9-11 Record bonds issued at face amount with interest
payable annually [LO4]

13. On January 1, 2012, White Water issues $500,000 of 6% bonds,
due in 20 years, with interest payable annually on December 31
each year.
Required:
Assuming the market interest rate on the issue date is 6%, the
bonds will issue at $500,000. Record the bond issue on January
1, 2012, and the first two interest payments on December 31,
2012, and December 31, 2013.
(Omit the "$" sign in your response.)

15. Date
General Journal
Debit
Credit
Jan. 1, 2012

16. Dec. 31, 2012

17. Dec. 31, 2013