A company issues 7%, 8-year bonds with a face amount of $80,000 for $75,338 on January 1, 2021. The market interest rate for bonds of similar risk and maturity is 8%. Interest is pald 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 feld.) View transaction list Journal entry worksheet Record the bond issue. Note: Enter debits before credits General Journal Debit Credit Date January 01, 2021 A company issues 7%, 8-year bonds with a face amount of $80,000 for $75,338 on January 1, 2021. The market interest rate for bonds of similar risk and maturity is 8%. Interest is paid semiannually on June 30 and December 31 Required: 1.8 2. Record the bond issue and first interest payment on June 30, 2021. Of no entry is required for a particular transaction/event, select "No Journal Entry Required in the first account field.) View transaction list Journal entry worksheet 8 Record the first interest payment on June 30, 2021. Motel Enter debts before credits Date General Journal Cro June 30, 2021 S8 sa MacBook Air S 4 5 6 7 8 0 9. E R Y U