A company issues 7%, 9-year bonds with a face amount of $80,000 for $74,934 on January 1, 2021. The market interest rate for bonds of similar risk and maturity is 8%. Interest is paid semiannually on June 30 and December 31. Required: 1. & 2. Record the bond issue and first interest payment on June 30, 2021. (If no entry is required for a particular transaction/event. select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Check my work Record the first interest payment on June 30, 2021. Note: Enter debits befire credits Date June 30, 2021 General Journal Dabit Credit