Question: Pretzelmanla, Incorporated, issues 6%, 10-year bonds with a face amount of $58,000 for $53,878 on January 1,2024 . The market Interest rate for bonds of

bonds of similar risk and maturity is 7%. Interest is paid semlannually

Pretzelmanla, Incorporated, issues 6%, 10-year bonds with a face amount of $58,000 for $53,878 on January 1,2024 . The market Interest rate for bonds of similar risk and maturity is 7%. Interest is paid semlannually on June 30 and December 31. Required: 1. \& 2. Record the bond issue on January 1, 2024 and first interest payment on June 30,2024 . (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Do not round your intermediote coleulations. Round final answers to the nearest whole doller.) Journal entry worksheet Record the bond issue on January 1,2024. Note: Enter debits before credits. Journal entry worksheet Record the first interest payment on June 30,2024. Note: Enter debits before credits

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