Check my work On January 1, 2021, White Water issues $490,000 of 5 % bonds, due in 15 years, with interest payable annually on December 31 each year Required: Assuming the market interest rate on the issue date is 5 % , the bonds will issue at $490,000. Record the bond issue on January 1, 2021, and the first two interest payments on December 31, 2021, and December 31, 2022. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet