7 Pretzelmania, Incorporated, Issues 5%, 20-year bonds with a face amount of $65,000 for $73,891 on...

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7 Pretzelmania, Incorporated, Issues 5%, 20-year bonds with a face amount of $65,000 for $73,891 on January 1, 2024. The market Interest rate for bonds of similar risk and maturity is 4%. Interest is paid semiannually on June 30 and December 31. Required: 1. & 2. Record the bond issue on January 1, 2024 and first interest payment on June 30, 2024. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Do not round your intermediate calculations. Round final answers to the nearest whole dollar.) No Date 1 January 01, 2024 Cash Bonds Payable 2 June 30, 2024 Interest Expense Cash Answer is not complete. General Journal 00 Debit Credit 65,000 65,000 1,300x 1,300 7 Pretzelmania, Incorporated, Issues 5%, 20-year bonds with a face amount of $65,000 for $73,891 on January 1, 2024. The market Interest rate for bonds of similar risk and maturity is 4%. Interest is paid semiannually on June 30 and December 31. Required: 1. & 2. Record the bond issue on January 1, 2024 and first interest payment on June 30, 2024. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Do not round your intermediate calculations. Round final answers to the nearest whole dollar.) No Date 1 January 01, 2024 Cash Bonds Payable 2 June 30, 2024 Interest Expense Cash Answer is not complete. General Journal 00 Debit Credit 65,000 65,000 1,300x 1,300