A company issues 7%,11-year bonds with a face amount of $90,000 for $83,501 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/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Journal entry worksheet Record the first interest payment on June 30, 2021. Note: Enter debits before credits