Pretzelmania, Inc., issues 6%, 10 year bonds with a face amount of $58.000 for $62,479 on January 1, 2021. The market interest rate for bonds of similar risk and maturity is 5%. Interest is paid annually on December 31 Required: 1. & 2. Record the bond issue and first interest payment on December 31, 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.) View transaction list Journal entry worksheet Record the bond issue on January 1, 2021. Note: Enter debits before credits General Journal Debit Credit Date January 01 2021 62,479 Cash Discount on Bonds Payable Bonds Payable 4,479 58,000 Record entry Clear entry View general Journal