2.

A company issues 5%, 8-year bonds with a face amount of $60,000 on January 1, 2021. The market interest rate for bonds of similar risk and maturity is also 5%. 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.) View transaction list Journal entry worksheet 1 2 Record the bond issue. Note Entor debits before credits General Journal Date January 01, 2021 Debit Credit Record entry Clear entry View general Journal A company issues 5%, 8-year bonds with a face amount of $60,000 on January 1, 2021. The market risk and maturity is also 5%. 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 fo select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 200 Record the first interest payment on June 30, 2021. Note: Enter debits before credits General Journal Debit Credit Date June 30, 2021 Record entry Clear entry View general Journal