A company issues 7%, 10-year bonds with a face amount of $80,000 for $74,564 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. & 2. Record the bond issue and first interest payment on June 30, 2021 (If no entry is required for a particular transaction/even select "No Journal Entry Required in the first account field. Do not round intermediate calculations. Round your answers to the nearest dollar amount.) View transaction list Journal entry worksh Record the bond Note: Enter debits