A company issues 7%, 8-year bonds with a face amount of $70,000 for $74,397 on January 1, 2021. The market interest rate for bonds of similar risk and maturity is 6%. 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. Do not round intermediate calculations. Round your answers to the nearest dollar amount.) View transaction list Journal entry worksheet 1 2 > Record the bond issue. Note: Enter debits before credits. General Journal Debit Credit Date January 01, 2021 Journal entry worksheet