Ch9 - Mandatory Saved Help Save & Exit Submit Check my work 5 On January 1, 2021, White Water issues $590,000 of 6% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year. 10 points Required: Assuming the market interest rate on the issue date is 6%, the bonds will issue at $590,000. Record the bond issue on January 1, 2021, and the first two semiannual interest payments on June 30, 2021, and December 31, 2021. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) eBook View transaction list 101 Journal entry worksheet Hint Print Record the bond issue. References Note: Enter debits before credits. Date General Journal Debit Credit January 01, 2021 Record entry Clear entry View general journal Mc Graw Hill Education