age 1: 33 B Question 21 (7 points) Saved ACME Incorporated issued $300,000 of 3%, 8 year bonds on January 1, 2021 that pay interest semi-annually. The bond issue price was $279,633. The market interest rate was 4% for these bonds. The year end is December 31. Required: (Round all answers to the nearest dollar) 1. Prepare the adjusting entry on December 31, 2021. (5 marks) 2. Prepare the first interest payment on January 1, 2022. (2 marks) Paragraph B I UA 13 14 35 11 12 + v GENERAL JOURNAL DATE ACCOUNT TITLES DEBIT CREDIT 48 26 17 18 20 21