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company issues 5% 9.year bonds with a face amount of $90,000 for $96,746 on January 1, 2021 The market interest rate for bonds similar risk

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company issues 5% 9.year bonds with a face amount of $90,000 for $96,746 on January 1, 2021 The market interest rate for bonds similar risk and maturity is 4% Interest is paid semiannually on June 30 and December 31 equired: & 2. Record the bond issue and first interest payment on June 30, 2021 (If no entry is required for a particular transaction/event, elect "No Journal Entry Required" in the first account field. Do not round intermediate calculations. Round your answers to the earest dollar amount.) View transaction list Journal entry worksheet > 1 Record the bond issue. Note: Enter debits before credits General Journal Debit Credit Date January 01 2021 Cash 90.000 90,000 Gain Bonds Payable Record entry Clear entry View general Journal

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