Question: need help figuring out the rest Pretzelmania, Inc., issues 6%, 10-year bonds with a face amount of $66,000 for $71,144 on January 1, 2021. The

need help figuring out the rest

Pretzelmania, Inc., issues 6%, 10-year bonds with a face amount of $66,000 for $71,144 on January 1, 2021. The market interest rate for bonds of similar risk and maturity is 5%. 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. Round your intermediate computations and final answers to the nearest whole dollar amount.) No 1 2 Date January 01, 2021 June 30, 2021 Cash Answer is not complete. General Journal Bonds Payable Premium on Bonds Payable Interest Expense Debit 71,144 Credit 66,000 5,144

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