Check my work On January 1, Yeart a company issues $540,000 of 7% bonds, due in 10 years, with interest payable semiannually on June 30 and December 31 each year, Required: Assuming the market interest rate on the issue date is 7%, the bonds will issue at $540,000. Record the band issue on January 1. Year 1 and the first two semiannual interest payments on June 30, Year 1, and December 31, Year 1. (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 1 2 3 Record the bond issue etter det before credits General Journal Date January 01 Debit Credit