1 A company issues 9%, 9-year bonds with a face amount of $70,000 for $65,907 on January 1, 2021. The market Interest rate for bonds of similar risk and maturity is 10%. 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.) 01:58:33 View transaction list Journal entry worksheet