Brief Exercise 9-5 Record bond issue and related semiannual interest (L 04) Pretzelmania. Inc., issues 5%. 10-year bonds with a face amount of $50,000 for $50,000 on January 1. 2015. The market interest rate for bonds of similar risk and maturity is 5%. Interest is paid semiannually on June 30 and December 31. 1. & 2. Record the bond issue and first interest payment on June 30. 2015 (If no entry is required for a Transaction/event, select No journal entry required in the first account field.) Brief Exercise 9-5 Record bond issue and related semiannual interest (L 04) Pretzelmania. Inc., issues 5%. 10-year bonds with a face amount of $50,000 for $50,000 on January 1. 2015. The market interest rate for bonds of similar risk and maturity is 5%. Interest is paid semiannually on June 30 and December 31. 1. & 2. Record the bond issue and first interest payment on June 30. 2015 (If no entry is required for a Transaction/event, select No journal entry required in the first account field.)