A company issues 7%,10-year bonds with a face amount of $80,000 on January 1,2021 . The market interest rate for bonds of simila risk and maturity is also 7%. 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.) Journal entry worksheet