Question: A company issues 75, 10 year bonds with a face amount of $80.000 for $74.564 on January 1, 2021 The market interest rate for bonds

A company issues 75, 10 year bonds with a face amount of $80.000 for $74.564 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 20, 2021. no entry is required for a particulier transaction even select "No Journal Entry Required in the first account Teld. Do not round Intermediate calculations. Round your answer to the nearest dollar amount.) View transaction list Journal entry worksheet

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