Question: Brief Exercise 9-12 (Algo) Record bond issue at a discount and related annual interest (LO9-5) Pretzelmania, Incorporated, issues 5%, 20-year bonds with a face amount

Brief Exercise 9-12 (Algo) Record bond issue at a discount and related annual interest (LO9-5) Pretzelmania, Incorporated, issues 5%, 20-year bonds with a face amount of $62,000 for $54,889 on January 1,2024 . The market interest rate for bonds of similar risk and maturity is 6%. Interest is paid annually on December 31 Required: 1. \& 2. Record the bond issue on January 1,2024 and first interest payment on December 31,2024 . (If no entry is required for a porticular tronsaction/levent, select "No Journal Entry Required" in the first occount field. Do not round your intermediote colculations. Round final answers to the nearest whole dollor.) Journal entry worksheet Record the bond issue on January 1, 2024. Hotei Enter debits before credits

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