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$[$The following information applies to the questions displayed below.$]$

On January $1,2021,$ White Water issues $$460,000$ of $5\%$ bonds, due in $15$ years, with interest payable annually on December $31$ each year.

Assuming the market interest rate on the issue date is $6\%,$ the bonds will issue at $$415,326.$

$2.$ Record the bond issue on January $1,2021,$ and the first two interest payments on December $31,2021,$ and December $31,2022.($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.$)$

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$\backslash$table$[[$No$,$Date,General.,,Debit,Credit$],[1,$January $01,2021,$Cash,$0,415,326,],[,$Discount on Bonds Payable,$0,,44,674$Required information

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$[$The following information applies to the questions displayed below.$]$

On January $1,2021,$ White Water issues $$460,000$ of $5\%$ bonds, due in $15$ years, with interest payable annually on December $31$ each year.

Assuming the market interest rate on the issue date is $6\%,$ the bonds will issue at $$415,326.$

$2.$ Record the bond issue on January $1,2021,$ and the first two interest payments on December $31,2021,$ and December $31,2022.($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.$)$