Question: Please Help. Two journal entries are asked for. A company issues 9%, 10-year bonds with a face amount of $90,000 for $96,116 on January 1,

Please Help. Two journal entries are asked for.

A company issues 9%, 10-year bonds with a face amount of $90,000 for $96,116 on January 1, 2021. The market Interest rate for bond of similar risk and matunity 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. Do not round intermediate calculations. Round your answers to the nearest doller amount.) View transaction list Record the bond issue Record the first interest payment on June 30, 2021. Credit Note Journal entry has been entered

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