Required information Exercise 9-12A Record bonds issued at a premium and related semiannual interest (LO9-5) The following information applies to the questions displayed below.) On January 1, 2021, White Water issues $480,000 of 6% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year. Assuming the market interest rate on the issue date is 5%, the bonds will issue at $540,246. 2. Record the bond issue on January 1, 2021, and the first two semiannual interest payments on June 30, 2021, and 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 final answers to the nearest whole dollar.) View transaction list Journal entry worksheet Record the bond issue Note Enter debits before credits Debit Credit 540,246 Date General Journal January 01, 2021 Cash Bonds Payable Premium on Bonds Payable 480,000