Brief Exercise $9-6$ Record bond issue at face amount and related semiannual interest $($LO$9-5)$

Pretzelmania, Inc., issues $6\%,10-$year bonds with a face amount of $$69,000$ for $$69,000$ on January $1,2021.$ The market interest rate

for bonds of similar risk and maturity is $6\%.$ Interest is paid semiannually on June $30$ and December $31.$

Required:

& $2.$ 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.$)$

Journal entry worksheet

Record the bond issue on January $1,2021.$

Note: Enter debits before credits.